UK government allocates 9.8 billion pounds increase in bread subsidy in the new budget

The article discusses the changes in Egypt's bread and wheat subsidy system during the fiscal year 2026/2027. The bread subsidy increased by 9.8 billion Egyptian pounds, reaching 133.8 billion pounds, while the support for subsidized goods rose to 178.3 billion pounds. Conversely, Egypt's wheat imports declined in June to 405,000 tons, the lowest monthly level on record. However, total imports from the beginning of the year up to June increased by 55% compared to the previous year, due to accelerated import of domestic stockpiles and increased local production, which exceeded 10 million tons for the first time, driven by higher procurement prices and expanded cultivated areas. Data indicates that the decline in June imports reflects Egypt's shift from intensive stock-building imports to greater reliance on domestic production, while still depending on some imports—particularly from Russia and Ukraine—to ensure food security.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article