Egypt increases price of subsidized bread for the first time since 1989: Implications for nutrition and food security In June 2024, the Egyptian government raised the price of subsidized traditional baladi bread to 20 piastres ($0.004)1 per loaf—quadrupling the old price of 5 piastres. The change—the first such increase since 1989—was triggered by a number of factors: Egypt’s heavy reliance on wheat imports due to limited arable crop base and growing population, along with high global wheat prices amid the Russia-Ukraine war, combined with the weakening of Egyptian pound (EGP) against the U.S. dollar in March 2024 and government efforts to reduce public spending. Bread prices have long been a sensitive political issue in Egypt. In 1977, President Anwar Sadat cut the subsidies, triggering protests known as the “bread intifada”—ultimately forcing him to roll back his subsidy reform. In 2011, Egyptians took to the streets protesting the regime of President Hosni Mubarak with slogans calling for “bread, freedom, and social justice.” In 2017, Egyptian Ministry of Supply proposals to reduce the state-sponsored provision of bread from up to 4,000 to 500 loaves per bakery provoked large-scale protests across the country. https://lnkd.in/d79YSr2m #bread #wheat #foodsecurity
Iani A. CHIHAIA’s Post
More Relevant Posts
-
Pakistani rice exports to Saudi Arabia's market have seen a 25% increase, with exports reaching $4 billion in 2024. The quality of Pakistani rice has gained significant popularity among Saudi consumers. As per details, the exporters are optimistic that rice exports are likely to rise to $4.5 billion by 2025. #DailyMagazine #pakistan #saudiarabia
To view or add a comment, sign in
-
Pakistan’s rice exports to Saudi Arabia have experienced a 25% increase, reaching $4 billion in 2024, thanks to the growing popularity of Pakistani rice among Saudi consumers. Exporters are optimistic about a further rise, with projections suggesting that exports could reach $4.5 billion by 2025. To strengthen their position in the Saudi market, Pakistani rice exporters are developing strategies to enhance their presence. #PakistaniRice #Export #SaudiMarket https://lnkd.in/dMHFxcmm
To view or add a comment, sign in
-
Pakistani Rice Exports to Saudi Arabia Reach a Record $4 Billion in 2024. Pakistan's rice exports to Saudi Arabia have surged by 25%, reaching $4 billion in 2024, driven by the growing popularity of Pakistani rice among Saudi consumers. Exporters are optimistic that this trend will continue, predicting a further increase to $4.5 billion by 2025. #PakistanRiceExports #SaudiArabiaMarket #RiceIndustry #PakistanAgriculture #ExportGrowth #EconomicBoost #TradePartnership #PakistanSaudiArabiaTies #FoodExport #RiceTrade #Brandskahani #News #fyp
To view or add a comment, sign in
-
The Ministry of National Food Security in Pakistan is accused of allowing unnecessary wheat imports despite a surplus of domestic wheat. This allegedly caused a loss of $1 billion and benefitted flour millers, traders, and bureaucracy. The Ministry allegedly facilitated the import of over 3.5 million tons of wheat between September 2023 and March 2024, even though domestic stocks were sufficient. This import caused wheat prices to crash, hurting farmers. The Ministry is also accused of ignoring suggestions from other ministries to limit imports. Farmers' representatives are asking the Prime Minister to investigate this situation and punish those involved. #pakistan #pakistaneconomy #pakistanstockexchange #pakistantech #pakistannews #lahore #karachi #islamabad #oilandgas #oilandgascompanies
To view or add a comment, sign in
-
Did you know :- Exports: Ethiopia primarily exports coffee, which accounts for around 49% of total exports, along with sesame seeds, fresh vegetables, and cut flowers. These agricultural products are the backbone of the country's foreign trade. The major export destinations include the United States (10.8%), Somalia (8.6%), and Saudi Arabia (8.7%). Imports: On the import side, Ethiopia heavily relies on countries like China (30%), India (14.3%), and the United States (6.7%) for goods such as petroleum oils, palm oil, and durum wheat. The imports are mainly consumer and capital goods necessary for the country’s industrial and consumer needs. If you are an importer and exporter, use Aramex for fast service #Aramex #AramexEthiopia #Happy Monday
To view or add a comment, sign in
-
Pakistan's expenditure of one billion US dollars on wheat imports during the initial nine months of the fiscal year highlights the persistent struggle to uphold food security despite its status as an agrarian economy. The decision by the Economic Coordination Committee (ECC) in July 2023 to permit wheat imports demonstrates the government's acknowledgment of potential shortages and its proactive stance in addressing them. Although Pakistan harvested 27 million tonnes of wheat domestically, it fell short of meeting the population's demands, necessitating an additional 31 million tonnes. This deficit of 2.5 million tonnes emphasizes the disparity between domestic production and consumption, posing a significant obstacle to ensuring food security. #clickmepakistan #imports #wheat #pakistan #economy
To view or add a comment, sign in
-
RIYADH: Pakistani rice exports to Saudi Arabia’s market have seen a 25% increase, with exports reaching $4 billion in 2024. The quality of Pakistani rice has gained significant popularity among Saudi consumers. As per details, the exporters are optimistic that rice exports are likely to rise to $4.5 billion by 2025. Pakistani rice exporters are working on strategies to strengthen their position in the Saudi market. The Chairman of the Saudi-Pakistani Business Council praised the quality of Pakistani rice. Pakistan remains committed to solidifying its presence in the Saudi rice market. Efforts of the Special Investment Facilitation Council (SIFC) are yielding results as Pakistan has historically achieved $4 billion from the exports of rice. #Pakistani #rice #exports #Saudi #Arabia #market #mdcat2024 #strict #Sindh #Under #security #fypシ゚viralシfypシ゚ #247newsupdate
To view or add a comment, sign in
-
In 2024, Pakistan marked a remarkable achievement in rice exports, recording a 25% surge in shipments to Saudi Arabia, amounting to $4 billion. The superior quality of Pakistani rice has gained widespread acclaim among Saudi consumers, driving demand to new heights. Exporters are optimistic about reaching $4.5 billion in rice exports by 2025. The Chairman of the Saudi-Pakistani Business Council praised the exceptional quality of Pakistani rice, emphasizing its growing prominence in the Saudi market. This success has been significantly supported by the efforts of the Special Investment Facilitation Council (SIFC). According to SIFC official Shahjehan Malik, Pakistan aims to achieve a $5 billion export target in the next fiscal year by advancing seed research and promoting standardized agricultural practices. With its renowned quality, Pakistan's Basmati rice continues to solidify its position as a premium product in global markets. #PakistanExports #RiceExports #BasmatiRice #SaudiMarket #AgriculturalInnovation #GlobalTrade #SIFC
To view or add a comment, sign in
-
Pakistan's rice exports to Saudi Arabia increased by 25% in 2024, reaching a remarkable $4 billion. This growth highlights strong trade ties and rising demand for Pakistani rice in the Gulf region. Saudi Arabia remains a key market for Pakistan's agricultural exports. The surge reflects the country's export strategy and quality produce. Pakistan continues to strengthen its economic footprint globally. #PakistanRiceExports #TradeGrowth #SaudiArabia #AgriculturalExports #EconomicSuccess #startupsindh #sindh
To view or add a comment, sign in
--
4moThis aspect can lead to an unblocking of the physical market. Next week 12/08 Egypt’s GASC is bidding for 3.8 million tons of wheat at $270 for delivery October 2024 - April 2025. It remains to be seen what happens considering that the USDA report comes out on Monday?!