Back to the complete issue
Tuesday, 14 November 2017

Supply Ministry looking to reduce flour allocations for subsidized bread bakeries

The Supply Ministry is reportedly looking to reduce the amount of flour it provides to bakeries producing subsidized bread, an unidentified ministry source tells Al Mal. According to the source, the new system — which would come into effect today if approved — would cut down flour allocations to bakeries in urban areas to 70% of their current levels, and bakeries in the countryside would have their flour supplies reduced to 50%. The ministry had enacted a new system back in August that requires bakeries to pay the ministry market prices for wheat and flour, and receive compensations based on the number of subsidized bread loaves sold through the smartcard system.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.