Grain Chamber: Wheat Stocks Adequate for 7 Months and Tourism Bread Prices May Rise 20%

Egypt has confirmed that its wheat stock is sufficient to meet its needs for seven months, with no issues regarding the wheat used for producing traditional bread consumed by about 70 million citizens. The current problem pertains to imported wheat designated for producing PVC bread and pastries; the imported quantities have become limited due to the Russia-Ukraine war and the targeting of export ports, which could lead to an increase in bread and pastry prices. It is expected that the government will intervene by offering temporary quantities of wheat to private mills during the current week, with an anticipated increase in the prices of tourist bread by no less than 20% until the end of the war.

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