{"id":578961,"date":"2023-01-19T04:15:08","date_gmt":"2023-01-19T04:15:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/what-wheat-is-to-bread-corn-is-to-chickens\/"},"modified":"2023-01-19T04:15:08","modified_gmt":"2023-01-19T04:15:08","slug":"what-wheat-is-to-bread-corn-is-to-chickens","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/what-wheat-is-to-bread-corn-is-to-chickens\/","title":{"rendered":"What wheat is to bread, corn is to chickens"},"content":{"rendered":"

Commodities once again took center stage on last night\u2019s talk shows <\/strong>as the pundits parsed Prime Minister Madbouly\u2019s presser on everything from wheat to imports \u2014 with a heavy side serving of bread talk as a new subsidies program gets underway.<\/p>\n

Loaves too dear: <\/strong>The new initiative<\/a> allowing all citizens to buy subsidized bread is meant to bring down prices in the wider market, Assistant Supply Minister Ibrahim Ashmawy told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (watch, runtime: 4:20<\/a>), describing a recent rise in bread prices to EGP 2.25 per loaf as unjustified. The new scheme allows anyone with a prepaid card issued by post offices to buy bread at around EGP 0.90 per loaf or slightly higher.<\/p>\n

No changes to ration-card bread: <\/strong>The price of bread for ration-card holders will remain unchanged at EGP 1.00 for 20 loaves, Ashmawy added.<\/p>\n

Even as the bread subsidy bill spirals: <\/strong>The bread subsidy bill will more than double to EGP 90-95 bn in the new FY 2023-2024 budget, up from EGP 38 in the current fiscal year, thanks to hikes in global wheat and diesel prices, Cabinet Spokesperson Nader Saad told Moussa in a phone call (watch, runtime: 4:06<\/a>).<\/p>\n

Government intervention on feed imports brings down market prices: <\/strong>The black market price for corn used in feed decreased after state grain buyer GASC announced its maiden corn tender<\/a> on the international market, Tharwat El Zeiny, the deputy chairman of the Egyptian Poultry Association, told Masaa DMC\u2019s Ramy Rawdwan (watch, runtime: 7:49<\/a>).<\/p>\n

But it will take time to see that trickle down to poultry prices: <\/strong>Some 30-40% of poultry breeders were pushed out of the market by \u201cgreedy\u201d traders and a feed shortage amid the FX crunch, El Zeiny said. He now expects feed prices to fall by up to 35%, resulting in a decrease in poultry prices by up to 25% after around 40 days, given the length of the production cycle.<\/p>\n

AND- The Bank of Russia approves trade in EGP: <\/strong>Ahmed Moussa took note of the Bank or Russia\u2019s decision<\/a> to approve the EGP as a currency of trade (watch, runtime: 11:25<\/a>.) The Russian central bank moved to set daily RUB exchange rates for the EGP, the Emirati AED, the Qatari QAR, and six other currencies from yesterday, RT<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

Commodities once again took center stage on last night\u2019s talk shows as the pundits parsed Prime Minister Madbouly\u2019s presser on everything from wheat to imports \u2014 with a heavy side serving of bread talk as a new subsidies program gets underway. Loaves too dear: The new initiative allowing all citizens to buy subsidized bread is […]<\/p>\n","protected":false},"author":1,"featured_media":578962,"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":[7232],"tags":[1218,317,1419,72,106,98,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-bank-of-russia","tag-commodities","tag-egp","tag-enterpriseam","tag-last-nights-talk-shows","tag-subsidies","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"ef757b31-8042-413d-b3df-4fa9b8756ce7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/332.jpg","photo_position":"above","related_issue":[578942],"teaser":"","voice_url":""},"yoast_head":"\nWhat wheat is to bread, corn is to chickens - 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\/2023\/01\/19\/what-wheat-is-to-bread-corn-is-to-chickens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What wheat is to bread, corn is to chickens\" \/>\n<meta property=\"og:description\" content=\"Commodities once again took center stage on last night\u2019s talk shows as the pundits parsed Prime Minister Madbouly\u2019s presser on everything from wheat to imports \u2014 with a heavy side serving of bread talk as a new subsidies program gets underway. 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Bringing old prices back: In an effort to hold down bread prices, the\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547353,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/last-nights-talk-shows-food-prices-are-set-to-rise-again-well-be-frying-some-more-of-our-own-oil\/","url_meta":{"origin":578961,"position":2},"title":"Last Night\u2019s Talk Shows: Food prices are set to rise again + We\u2019ll be frying some more of our own oil","author":"enterpriseam admin","date":"19 June 2022","format":false,"excerpt":"Leading the airwaves yesterday: Watch out for (yet more) rises in commodities prices as the war in Ukraine continues to choke grain supplies, Internal Trade Development Authority (ITDA) head Ibrahim Ashmawy told El Hekaya (watch, runtime: 3:20).\u201cWe don\u2019t know when this war will end, [hence] predictions of further price increases\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556554,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/supply-ministry-downplays-potential-for-bread-subsidy-cuts-as-global-wheat-prices-rise\/","url_meta":{"origin":578961,"position":3},"title":"Supply Ministry downplays potential for bread subsidy cuts as global wheat prices rise","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"Bread prices may rise, but it will \u201ctake time\u201d: The government is playing down the likelihood of an imminent increase in the price of subsidized bread amid rising global wheat prices, with Supply Minister Al El Moselhy telling reporters on Thursday that it \u201cwill take time\u201d for the government to\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544696,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/bread-prices-still-top-of-the-agenda-on-the-airwaves\/","url_meta":{"origin":578961,"position":4},"title":"Bread prices still top of the agenda on the airwaves","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"Bread prices were still the topic du jour last night on our airwaves. The talking heads dedicated major chunks of their shows to the price controls on unsubsidized bread. Head to our commodities section (above) for all the details.","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578876,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/subsidized-bread-for-all\/","url_meta":{"origin":578961,"position":5},"title":"Subsidized bread for all","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"A new scheme offering subsidized bread to all is set to launch tomorrow: People not covered by the ration card system will be able to buy bread from bakeries at cost in a trial of the new scheme that will kick off on Wednesday, Supply Minister Ali El Moselhy was\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578961"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578961\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578962"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578961"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578961"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}