{"id":544643,"date":"2022-03-14T03:55:12","date_gmt":"2022-03-14T03:55:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/the-commodity-price-shock-is-still-front-and-center-in-the-foreign-press\/"},"modified":"2022-03-14T03:55:12","modified_gmt":"2022-03-14T03:55:12","slug":"the-commodity-price-shock-is-still-front-and-center-in-the-foreign-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/the-commodity-price-shock-is-still-front-and-center-in-the-foreign-press\/","title":{"rendered":"The commodity price shock is still front and center in the foreign press"},"content":{"rendered":"<p><strong>The commodity price shock and its effect on Egypt\u2019s food supply is still <\/strong><strong>dominating coverage in the foreign press:<\/strong> The <a href=\"https:\/\/www.wsj.com\/articles\/russia-ukraine-war-threatens-wheat-supply-jolts-prices-11647115099?mod=Searchresults_pos1&page=1https:\/\/www.ft.com\/content\/ad225932-5600-432f-b8bf-e31b8050c73ahttps:\/\/www.bloomberg.com\/news\/articles\/2022-03-13\/how-russia-s-invasion-of-ukraine-is-tearing-apart-the-global-food-system?srnd=premium-middle-east&sref=mmeFTDW1\">Wall Street Journal<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/ad225932-5600-432f-b8bf-e31b8050c73a\">Financial Times<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-13\/how-russia-s-invasion-of-ukraine-is-tearing-apart-the-global-food-system?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> all mention Egypt in their latest updates on how the Russia-Ukraine conflict is upending the global food supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The commodity price shock and its effect on Egypt\u2019s food supply is still dominating coverage in the foreign press: The Wall Street Journal, the Financial Times and Bloomberg all mention Egypt in their latest updates on how the Russia-Ukraine conflict is upending the global food supply.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[317,72,182,270,1341,304,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544643","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-commodities","tag-enterpriseam","tag-inflation","tag-russia","tag-russia-ukraine-conflict","tag-ukraine","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"b0d590e7-1007-4e96-ab74-78eec5574aed","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544622],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Reuters has a feature looking at everyday Egyptians affected by rising bread prices, and The Conversation delves into the policy options available for Egypt to mitigate the crisis. 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Wheat, flour, oils and corn are all included in the export ban, along with lentils, pasta,\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548379,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/07\/outflows-commodity-price-shock-hit-current-account-in-3q-2021-2022\/","url_meta":{"origin":544643,"position":3},"title":"Outflows, commodity price shock hit current account in 3Q 2021-2022","author":"enterpriseam admin","date":"7 August 2022","format":false,"excerpt":"Egypt\u2019s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging commodity prices put pressure on the country\u2019s external position, according to central bank figures (pdf) released Thursday showed. An exodus of foreign investors fuelled by the war in Ukraine and\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544465,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/the-biggest-global-commodities-shock-in-decades-is-inbound\/","url_meta":{"origin":544643,"position":4},"title":"The biggest global commodities shock in decades is inbound","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"The world is facing the biggest commodities shock in decades as conflict in Ukraine cuts off a quarter of the world\u2019s wheat supply and western nations try to isolate Russia \u2014 the world\u2019s second-largest commodities producer \u2014 from the global economy.A snapshot of the global commodities markets last week, courtesy\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/51.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544568,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/govt-to-shoulder-the-burden-of-unprecedented-food-energy-price-spikes-madbouly\/","url_meta":{"origin":544643,"position":5},"title":"Gov\u2019t to shoulder the burden of \u201cunprecedented\u201d food, energy price spikes -Madbouly","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"The world has seen an \"unprecedented\" increase in the prices of strategic goods over the past two weeks on the back of the conflict in Ukraine, Prime Minister Moustafa Madbouly said in a press conference yesterday laying out the government\u2019s response to the crisis (watch, runtime: 40:41). 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