Confectionary News
-
Swiss Chocolate Giant Barry Callebaut to Invest $30M in Egyptian Manufacturing Hub
Barry Callebaut, a leading global company in the chocolate and cocoa sector, operates 66 factories around the world.
-
Egypt cuts back on longtime bread subsidies
Egypt has increased the fixed price of subsidized bread from 0.05 Egyptian pounds ($0.0010) a loaf to 0.20 Egyptian pounds ($0.0042).
-
Egypt to form committee to study bread production cost
The Ministry directed a study to determine production costs based on factors including bread type, fuel type, and the sector to which bakery belongs.
-
Finance Minister defends 11% reduction of gov’t bread subsidy
More than LE130 billion are borne by the government during the fiscal year to provide wheat, whether from farmers or importers.
-
Egypt Harvested Over 700,000 Wheat Feddan since April
The country allocated $59.69 million for a down-payment to state grain buyers to purchase wheat from local farmers.
-
Why is Egypt raising the price of subsidized bread?
This move, although necessary for economic sustainability, carries considerable political risks given the historical sensitivity surrounding bread.
-
Egypt considers importing wheat from 3 new markets
Talks with the three potential wheat exporters commenced in late 2023, the official said, expecting them to be among the 22 certified exporters.
-
Egypt have to move bread prices but it will still largely be subsidized
Egypt have to move the prices of bread, an essential commodity that is heavily subsidised in one of the world's biggest wheat importers.
-
Egypt procures 750,000 MT in local wheat harvest so far
It aims to procure a total of 3.5 million metric tonnes this season, which began on April 15.
-
Supply Minister Issues Decision Regulating Bread Prices
The Minister of Supply Ali Al-Moselhi issued a ministerial resolution regulating the prices of free-range bread and baguette bread "fino".
-
Flour cost reduction fails to lower bread prices in Egypt
Several bakers in Cairo are not following the government's warning, and are instead basing their prices on the market, setting up a potential showdown
-
Egypt to allocate $2.66bln for bread subsidies in FY 2024/2025 budget
A finance ministry statement said on Tuesday citing Finance Minister Mohamed Mait.
-
Decline in Flour & Feed Grain Prices in Egypt
Flour prices in the Egyptian markets also saw a decrease of about 200 pounds per ton.
-
Egypt buys nearly half a million tons of Russian wheat in private deal
(GASC) bought about 480,000 metric tons of Russian wheat from trading firm Solaris on Friday.
-
GASC Egypt secures 235,000 tons of Russian wheat
175,000 tons, is set to arrive in Egypt around September 15 to 30, followed by the second batch, 60,000 tons, which is scheduled for October 1 to 15.
-
Egypt to import 360,000 tons of wheat to maintain strategic reserves
Egypt's General Authority For Supply Commodities (GASC) has sealed a deal to import 360,000 tons of wheat.
-
Middle Egypt Flour Mills’ profits surge 11.25% YoY in FY2022/23
Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grain
-
Sisi calls for ending rise in grain prices at Russia-Africa summit
He also stressed the importance of taking into account the needs of developing countries, especially in Africa.
-
Egypt in talks with UAE to secure $ 500 mln for its wheat imports: Minister
Egypt is currently in talks with the United Arab Emirates to secure a total of $500 million in funding to import wheat.
-
Egypt procured 3.8 mln T of wheat in local harvest so far
The supply minister added that Egypt has strategic reserves of vegetable oils for at least four months.