Egypt, often the world s biggest wheat importer, will raise the price of heavily subsidised bread for the first time in decades, Reuters reported. The price of subsidised bread will jump.
Egypt, often the world's biggest wheat importer, will raise the price of heavily subsidized bread for the first time in decades, a sensitive decision that has been delayed for years. The price of subsidized bread will jump 300% to 20 piasters ($0.0042) from 5 piasters starting in June, Prime Minster Mostafa Madbouly said at a press conference on Wednesday. About two-thirds of Egypt's population benefit from a program that gives 5 loaves of round bread daily for 5 piasters a loaf.
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UAE sign $500 million agreement to supply wheat to Egypt azertag.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azertag.az Daily Mail and Mail on Sunday newspapers.