Egyptian Minister of Supply, Dr. Sherif Farouk, held a comprehensive meeting with the General Chamber of Bakers and the Grain Industry Chamber of the Egyptian Industries Federation. The meeting aimed to follow up on the country's grain and bread systems, ensuring the regular operation of the milling system and the production and circulation of flour. The meeting also discussed the situation with subsidized bread and the availability of free bread and "fino" bread.
The meeting was attended by several key figures, including Abdullah Gharab, head of the General Chamber of Bakers; Sayed Tarek Hassaneen, head of the Grain Industry Chamber; Hani Meky, deputy head of the Bakers' Chamber; and Sayed Abdel Ghafar Al-Salamouni, deputy head of the Grain Industry Chamber. The attendees discussed the regular operation of mills and the availability of free flour in the markets. This ensures that bakeries receive their needs and produce bread regularly.
Dr. Farouk reviewed the availability of inputs for the food industries that rely on free flour, such as pasta and baked goods. The goal is to support continued production and meet market needs. The meeting also explored the cost of producing free bread and "fino" bread in light of production inputs. The movement of flour circulation and available quantities in the markets was also monitored.
The Ministry of Supply and Internal Trade continues to take proactive measures to secure Egypt's wheat needs. The ministry is working to diversify import sources from several countries. This helps stabilize and diversify supply sources and limits the impact of global market fluctuations. The meeting also discussed, in coordination with the Grain Industry Chamber, mechanisms to deal with current variables.
The aim is to maintain the stability of free flour and tourist bread prices. The meeting ensured the continued availability of goods and products for citizens. The attendees emphasized the importance of continued coordination between the Ministry and relevant parties. This guarantees the availability of production requirements in required quantities and contributes to market stability.
Dr. Farouk stressed the continuation of intensified campaigns to monitor markets, mills, and bakeries. The goal is to ensure compliance with regulations and prevent unjustified price increases or practices that affect flour and bread availability. The Ministry of Supply and Internal Trade confirmed that securing citizens' basic goods and maintaining bread system stability are top priorities.
The Ministry continues to monitor global and local market developments and take necessary measures to ensure supply regularity and market stability. The meeting discussed several topics related to the subsidized bread system, including monitoring bakery needs and the availability of operating requirements. This guarantees regular production and continued availability of subsidized bread for citizens.
Key points
- The Egyptian Minister of Supply, Dr. Sherif Farouk, met with the General Chamber of Bakers and the Grain Industry Chamber to discuss the country's grain and bread systems.
- The meeting aimed to monitor the milling system, flour production, and bread circulation, ensuring regular operation and availability of inputs for food industries.
- The Ministry of Supply continues to take proactive measures to secure Egypt's wheat needs and maintain market stability.
