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AMIS Market Monitor

last release: Sep 2017

Policy Developments

  • After consultations with all stakeholders involved in the supply chain, the Ministry of Supply in Egypt announced the elimination of flour subsidies used by bakeries producing subsidized bread. Effective from 1 August 2017, the reform aims at curtailing smuggling and corruption. Subsidies are now granted to the loaf of bread instead of benefiting the whole supply chain. In particular, public bakeries buy flour at market prices from flour mills. The cost of producing a loaf of bread is estimated at EGP 0.144 (USD 0.0082), while the consumer pays EGP 0.05 (USD 0.003).