The Egyptian supply minister Ali Moselhy said Egypt is deciding on a new price for bread, in the first attempt in 44 years to augment prices of subsidized bread that kept poor Egyptian fed for decades.
“How will we live? And how will we pay for the children of our deceased brother who live with us?” Wafaa Bakr told Reuters.
Egypt, the world’s largest importer of wheat, has backed off of an international tender earlier this month due to increased export prices .
“The prices of commodities have been increasing since January, across vegetable oil markets, sugar and lately wheat,” Moselhy told a news conference in Cairo.
Food insecurity is hitting the MENA region at tough rates. In 2020, MENA’s share of the world’s acutely food insecure people was 20%, higher compared to its 6% share of the population.
Even before the pandemic, the UN estimated 55 million of the 456.7 million people in the MENA are undernourished. Among other reasons, analysts see the rise of food prices globally to be propelled by Covid-19 that’s driven disruptions in industries with global supply chains, as the effect of the pandemic on the long term begins to unfold.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.