Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Food & Beverage 🍕 » Government imposes price limits on unsubsidized bread🍞

Government imposes price limits on unsubsidized bread🍞

by Shams Abbas
March 22, 2022

The Clap
The government has issued price caps for unsubsidized bread for three months, or until further notice.

The deets
Prices for 45-gram, 65-gram, & 90-gram “baladi” bread loaves will be capped at EGP 0.50, EGP 0.75, & EGP 1, respectively. One kilogram will be capped at EGP 11.5.

All stores & bakeries must reflect these new prices in places visible to buyers outside their shops.

Why this matters
The Russia-Ukraine crisis could lead the government to require as much as EGP 15 billion in extra wheat spending this year. Egypt has been advised by the IMF to look for other sources to import wheat from other than Russia, & India is quickly emerging as a potential supplier.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Economy 🏙

Egypt to make its way back into the debt markets

by Shams Abbas
February 6, 2023
Economy 🏙

Egyptian government could sell a stake in fertilizer company “Semadco”

by Shams Abbas
February 6, 2023
Economy 🏙

Egypt’s Purchasing Manager’s Index declines in January 2023

by Shams Abbas
February 5, 2023
Economy 🏙

CBE leaves interest rates unchanged

by Shams Abbas
February 5, 2023
Economy 🏙

Net foreign assets rise in December 2022

by Shams Abbas
February 1, 2023
Highest inflation level in 5 years
Economy 🏙

Transmash plans to invest $500 million in Egypt

by Shams Abbas
February 1, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)