Egyptian Prime Minister sets fixed price for unsubsidised bread
Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat, Reuters reports. Prime Minister, Moustafa Madbouly, on Monday, set the price of commercially sold bread at 11.50 Egyptian pounds ($0.66) per kg, his office said in a statement. Food prices had been rising in Egypt even before Russia's invasion of Ukraine, but […]
