{"id":621161,"date":"2024-06-02T00:00:00","date_gmt":"2024-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/"},"modified":"2024-06-02T00:00:00","modified_gmt":"2024-06-02T00:00:00","slug":"el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/","title":{"rendered":"El Moselhy continued to make the rounds to weigh in on bread price hikes"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another carb-heavy night on the airwaves: <\/strong>The nation\u2019s talking heads didn\u2019t shift their attention from bread prices, following the Madbouly government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e811dd85-332f-42a1-98ce-3d1b24f98627\/\" style=\"\" rel=\"noopener\">decision to slash bread subsidies<\/a>, hiking the price of subsidized bread by 300%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t point the finger at the IMF: <\/strong>The IMF had nothing to do with the government\u2019s decision to cut down bread subsidies, Supply Minister Ali El Moselhy told Kelma Akhira\u2019s Lamees El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ewKFojzkwJw\" style=\"\" rel=\"noopener\">watch, runtime: 1:03:08<\/a>), adding that there was a proposal to cut down on the daily bread allocation for citizens but the government rejected it. The decision aims to help the state reduce its budget deficit before the start of the new fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No more hikes \u2026 unless. <\/strong>There won\u2019t be further price hikes to subsidized bread, unless we see major price fluctuations, El Moselhy assured. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pricier bread also means less waste: <\/strong>\u201cSome 25-30% of the EGP 125 bn allocations for bread subsidies goes to waste,\u201d House Planning and Budget Committee head Fakhri El Fiqi told Ala Masouleety\u2019s Ahmed Moussa (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=H6pm67p4rn0\" style=\"\" rel=\"noopener\">watch, runtime: 4:01<\/a> | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9zMVtNpS7oM\" style=\"\" rel=\"noopener\">4:03<\/a> | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=VtoVNgE3Nr4\" style=\"\" rel=\"noopener\">3:25<\/a>). \u201cAround EGP 35 bn of the allocations go to undeserving beneficiaries,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Change is coming: <\/strong>The Supply Ministry will soon roll out prepaid cards for non-ration card holders, who will be able to purchase bread at EGP 1.25 a loaf. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government cares about the public response:<\/strong> \u201cWe are monitoring the public opinion on [bread price hike]. We understand concerns about shifting from in-kind to cash subsidies,\u201d cabinet spokesperson Mohamed El Homsani spoke to El Hekaya\u2019s Amr Adib (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=E0z-O5Bj5OM\" style=\"\" rel=\"noopener\">watch, runtime: 46:45<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FACT CHECK-<\/strong> <strong>You\u2019re not getting less bread on your ration cards:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0sTKkypHDqmsD1VRpKgRogp7VS8GyFimP1xwbi83vGorXKjAWghNEPDoTXC2eZZJ3l\" style=\"\" rel=\"noopener\">cabinet<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0sTKkypHDqmsD1VRpKgRogp7VS8GyFimP1xwbi83vGorXKjAWghNEPDoTXC2eZZJ3l\" style=\"\" rel=\"noopener\">denied<\/a> rumors about reducing ration card holders\u2019 monthly bread allocation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another carb-heavy night on the airwaves: The nation\u2019s talking heads didn\u2019t shift their attention from bread prices, following the Madbouly government\u2019s decision to slash bread subsidies, hiking the price of subsidized bread by 300%. Don\u2019t point the finger at the IMF: The IMF had nothing to do with the government\u2019s decision to cut down bread [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":621162,"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":[779,317,72,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-ali-el-moselhy","tag-commodities","tag-enterpriseam","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"159ee3e0-283d-46bf-b2af-5bbec6f00eb7","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/70.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Supply Minister weighs in on bread price hikes","related_issue":[621144],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.703496e1-91c7-4817-8242-495a4f83eb2c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Moselhy continued to make the rounds to weigh in on bread price hikes - 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\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Moselhy continued to make the rounds to weigh in on bread price hikes\" \/>\n<meta property=\"og:description\" content=\"Another carb-heavy night on the airwaves: The nation\u2019s talking heads didn\u2019t shift their attention from bread prices, following the Madbouly government\u2019s decision to slash bread subsidies, hiking the price of subsidized bread by 300%. Don\u2019t point the finger at the IMF: The IMF had nothing to do with the government\u2019s decision to cut down bread [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/70.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Moselhy continued to make the rounds to weigh in on bread price hikes\",\"datePublished\":\"2024-06-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/70.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ali El Moselhy\",\"commodities\",\"EnterpriseAM\",\"LAST NIGHT\u2019S TALK SHOWS\"],\"articleSection\":[\"LAST NIGHT\u2019S TALK SHOWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/el-moselhy-continued-to-make-the-rounds-to-weigh-in-on-bread-price-hikes\/\",\"name\":\"El Moselhy continued to make the rounds to weigh in on bread price hikes - 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The ministry is considering several scenarios \u2014 which include targeted subsidy\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":548181,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/last-nights-talk-shows-our-bread-prices-will-remain-stable\/","url_meta":{"origin":621161,"position":1},"title":"Last Night\u2019s Talk Shows: Our bread prices will remain stable","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"It was a notably quiet night on the airwaves last night: The big talking point last night continued to be the government\u2019s package of social support measures announced on Tuesday.Bread subsidies aren\u2019t changing: Bread prices will not rise and the government is sticking to its plans in the budget, which\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":621047,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/el-moselhy-on-bread-price-hikes\/","url_meta":{"origin":621161,"position":2},"title":"El Moselhy on bread price hikes","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"Bread prices was the one topic of discussion on the airwaves last night after Prime Minister Moustafa Madbouly announced hikes to the price of subsidized bread.The rationale: \u201cThe decision to raise the price of subsidized bread will help the state keep the subsidy program going,\u201d Supply Minister Ali El Moselhy\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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\/2024\/5\/2538.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544392,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/last-nights-talk-shows-war-wheat-bread-and-babies\/","url_meta":{"origin":621161,"position":3},"title":"Last Night\u2019s Talk Shows: War, wheat, bread, and babies","author":"enterpriseam admin","date":"1 March 2022","format":false,"excerpt":"Russia-Ukraine took center stage on our airwaves again: Kelma Akheera\u2019s Lamees El Hadidi discussed possible actions by the UN Security Council on the invasion of Ukraine with Assistant Secretary-General of the Arab League Hossam Zaki (watch, runtime: 7:10) before turning to Al Ahram Center for Political and Strategic Studies\u2019 Mohamed\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":621161,"position":4},"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 &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":[]},{"id":546814,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/bread-subsidies-arent-changing-in-the-near-future-el-moselhy-says\/","url_meta":{"origin":621161,"position":5},"title":"Bread subsidies aren\u2019t changing in the near future, El Moselhy says","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"Scrapping bread subsidies for banknotes is shelved for now, El Moselhy tells Senate: The Sisi administration\u2019s previously-floated plan to replace subsidized bread with cash transfers is not going to happen anytime soon, Supply Minister Ali El Moselhy told the Senate yesterday. \u201cWe can begin to consider this policy some time\u2026","rel":"","context":"In &quot;Public policy&quot;","block_context":{"text":"Public 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