The Egyptian tourist bread market is experiencing stability, with prices and weights of tourist and French bread remaining unchanged. According to Abdullah Gharab, head of the Bakers' Division at the General Federation of Chambers of Commerce, the current prices will be maintained until a meeting on Sunday. The meeting aims to discuss a memo submitted by bakers regarding price adjustments due to recent increases in wheat prices.
The Bakers' Division has requested a 15% price increase, citing a significant rise in wheat prices. The price of wheat has increased by around 4,000 pounds per ton. Gharab emphasized that there is a ministerial decision regulating production specifications, weights, and prices according to official controls. This decision will guide any potential changes in the market.
The supply chain for wheat in Egypt is diversified, with imports coming from Russia and Ukraine. However, shipments from alternative import sources have not yet arrived in the country. Gharab stressed that all bakeries are committed to current controls and will not change prices or weights without an official decision after the Sunday meeting.
Current prices for tourist bread range from 1.5 to 2 pounds, depending on the weight. A 50-gram loaf costs 150 piasters, while an 80-gram loaf costs 2 pounds. The market is waiting for the outcome of the dialogue between the Ministry of Supply and bakers' representatives.
The stability of tourist bread prices is crucial for consumers, as it is a staple food item. The Bakers' Division and the Ministry of Supply are working together to ensure a stable market. Any changes in prices or weights will be made in accordance with official regulations and after thorough discussions.
The upcoming meeting on Sunday will be crucial in determining the future of tourist bread prices. The outcome of the meeting will likely have a significant impact on the market and consumers. The Bakers' Division and the Ministry of Supply are expected to reach a decision that balances the interests of both parties.
In related news, the Egyptian government has been working to support the baking industry. The Ministry of Supply has been engaging with bakers to address their concerns and find solutions to the challenges they face. The goal is to maintain a stable market and ensure that consumers have access to affordable bread.
Key points
- The prices of tourist bread in Egypt will remain unchanged until a meeting between the Ministry of Supply and bakers on Sunday.
- The Bakers' Division has requested a 15% price increase due to the recent rise in wheat prices.
- The Egyptian government is working to support the baking industry and maintain a stable market for bread.
