{"id":573811,"date":"2020-08-18T04:14:24","date_gmt":"2020-08-18T04:14:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers\/"},"modified":"2020-08-18T04:14:24","modified_gmt":"2020-08-18T04:14:24","slug":"egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers\/","title":{"rendered":"Egypt\u2019s Supply Ministry raises compensation for subsidized bread bakers"},"content":{"rendered":"

The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al Mal<\/a>. Bakeries are required to purchase the raw materials for bread, primarily subsidized flour, from millers and then receive monetary compensation from the government for the end product. Bakeries that use diesel fuel will now pay EGP 265 per 100 kg sack of flour , up from EGP 240. Bakeries that use natural gas will now pay EGP 283 per sack, up from EGP 213 previously. Each sack of flour will now also yield more loaves, after the ministry decided to reduce the weight of each loaf to 90 grams from 110. Bakeries will now produce 1,450 loaves per sack, up from 1,250 loaves previously.\u00a0 The ministry recalculated the cost of production to account for gas and diesel price increases, ministry spokesperson Ahmed Kamal told Reuters<\/a>. Bakeries have been complaining that it is costing them more to produce bread due to the rice prices of raw materials.<\/p>\n

CORRECTION- August 19, 2020<\/em><\/p>\n

An earlier version of this story incorrectly said that bakeries are required to purchase wheat and flour. The story has also been updated to correctly outline how bakeries are compensated.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al Mal. Bakeries are required to purchase the raw materials for bread, primarily subsidized flour, from millers and then receive monetary compensation from the government for the end product. Bakeries that use diesel fuel will now […]<\/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":[9309],"tags":[2416,72,565,131,190,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573811","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","tag-food-security","tag-manufacturing","tag-social-welfare","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"6932829e-c08a-4dd7-b6a7-be0c13abfd0e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573785],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Supply Ministry raises compensation for subsidized bread bakers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Supply Ministry raises compensation for subsidized bread bakers\" \/>\n<meta property=\"og:description\" content=\"The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al Mal. 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Bakeries are required to purchase the raw materials for bread, including wheat and flour, at market price and then receive monetary compensation from the government for the end product. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637370,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/supply-ministry-looking-to-reduce-flour-allocations-for-subsidized-bread-bakeries\/","url_meta":{"origin":573811,"position":2},"title":"Supply Ministry looking to reduce flour allocations for subsidized bread bakeries","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"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 \u2014 which would come into effect today if approved \u2014 would cut down flour allocations to bakeries\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645169,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/","url_meta":{"origin":573811,"position":3},"title":"Supply Ministry to halt subsidizing flour for subsidized bread","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Supply Ministry ends subsidies of flour: The Supply Ministry announcing yesterday it will stop subsidizing the flour it provides to bakeries that produce subsidized bread as of next month, and will limit its subsidy provisions to the actual bread produced, Al Masry Al Youm reports. The move is aimed at\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645749,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/","url_meta":{"origin":573811,"position":4},"title":"Flour, diesel subsidies officially come to an end for subsidized bread bakeries","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"Flour, diesel subsidies officially come to an end for subsidized bakers: The Supply Ministry unveiled its new subsidy system, which will come into effect in the first week of August. Wheat mills and bakeries will be required to pay the ministry market price for wheat and flour while holding the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597092,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/egypts-new-fuel-prices-are-beginning-to-show-their-impact-on-food\/","url_meta":{"origin":573811,"position":5},"title":"Egypt\u2019s new fuel prices are beginning to show their impact on food","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"The impact of higher fuel prices is beginning to touch food. Exhibit A: The Supply Ministry is studying raising the profit margin of subsidized bread bakeries to offset rising costs incurred by the latest fuel subsidy cuts, Al Mal cited an anonymous source as saying. 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