Egypt's Minister of Supply and Internal Trade, Dr. Sherif Farouk, has stated that his ministry is currently reviewing a request from the General Chamber of Bakeries to increase the prices of tourist bread. This move comes in response to the rising costs of free-market flour, a key ingredient in the production of tourist bread. The minister made these comments during an appearance on the program "Al-Hakaya" on MBC Egypt.
According to Dr. Farouk, the Ministry of Supply has held multiple meetings with various stakeholders, including the General Chamber of Bakeries, the Grain Industry Chamber, and mill owners. These discussions aim to monitor the tourist bread market and track any changes in production costs, particularly the prices of free-market flour. The request to increase prices was submitted by the General Chamber of Bakeries in light of the significant rise in wheat prices used in bread production.
The Minister of Supply emphasized that the current study is focused on determining the actual increase in production costs and its impact on the cost of producing a loaf of bread. This examination will consider various elements of cost and market variables before making any decisions. Dr. Farouk assured that the ministry is committed to achieving a balance between sustaining production and protecting the interests of citizens.
The Ministry of Supply and Internal Trade has reaffirmed that bakeries producing tourist and French bread are required to adhere to Ministerial Directive No. 5 of 2026. This directive regulates the prices and weights of free and "fino" bread, and it remains in effect. The ministry has warned that any violations of this directive will be addressed through legal measures, which may include imprisonment and financial fines.
Dr. Farouk highlighted that the ministry's approach to the request for a price increase is comprehensive, taking into account various cost elements and market dynamics. He stressed that any decision regarding tourist bread prices will be based on a thorough analysis of all relevant factors. This approach aims to ensure fairness and transparency in the market.
The study being conducted by the Ministry of Supply is expected to provide a clear understanding of the impact of rising flour costs on the production of tourist bread. Once completed, this study will inform the ministry's decision on whether to approve a price increase. The goal is to find a solution that balances the interests of both bakers and consumers.
Key points
- The Egyptian Ministry of Supply is studying a request from bakeries to increase tourist bread prices due to rising flour costs.
- The ministry aims to balance sustaining production with protecting citizens' interests.
- Any decision on price increases will be based on a thorough analysis of cost elements and market dynamics.
