{"id":628086,"date":"2018-06-25T04:52:54","date_gmt":"2018-06-25T04:52:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/"},"modified":"2018-06-25T04:52:54","modified_gmt":"2018-06-25T04:52:54","slug":"govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/","title":{"rendered":"Gov\u2019t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices"},"content":{"rendered":"

<\/a> The Madbouly government is working to insulate beneficiaries of its subsidy programs from rising food prices in the wake of last week\u2019s fuel subsidy cuts. <\/strong>The government will pay 15% more for transport providers who haul the food and petroleum products it buys under the subsidy program after recent fuel price hikes<\/a>, Social Solidarity Minister Ali El Moselhy said, according to Al Ahram.<\/a> El Moselhy said the government will effectively absorb the new cost to transport companies to maintain prices of subsidized goods. The ministry will also be covering the difference in the cost of subsidized bread, which sources previously said would cost state coffers and additional EGP 5 bn, as well as the transport of wheat.<\/p>\n

Food prices in the private sector could rise 3-7% over the coming months <\/strong>on the back of higher fuel costs, the government has previously said. Other goods and services<\/a> such as construction and building materials, cars, and electronic appliances have also risen in price. Public transport services including buses, white cabs and Ubers have also seen prices increases over the past week in response to the government\u2019s decision to raise fuel prices by c. 50%. The hike is the third since the government signed a USD 12 bn Extended Fund Facility agreement with the IMF in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Madbouly government is working to insulate beneficiaries of its subsidy programs from rising food prices in the wake of last week\u2019s fuel subsidy cuts. The government will pay 15% more for transport providers who haul the food and petroleum products it buys under the subsidy program after recent fuel price hikes, Social Solidarity Minister […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628086","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2fbc0fe2-b7a6-4f6f-95c3-ce16ad5cac4c","order":"0","is_powered_by":true,"section_story_id":"8a3b376b-9173-4e2f-aad4-d49f6b671955","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628075],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices - 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\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices\" \/>\n<meta property=\"og:description\" content=\"The Madbouly government is working to insulate beneficiaries of its subsidy programs from rising food prices in the wake of last week\u2019s fuel subsidy cuts. The government will pay 15% more for transport providers who haul the food and petroleum products it buys under the subsidy program after recent fuel price hikes, Social Solidarity Minister […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-25T04:52:54+00:00\" \/>\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\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices\",\"datePublished\":\"2018-06-25T04:52:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\"},\"wordCount\":231,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/govt-prepared-to-pay-15-more-to-freight-and-transport-providers-serving-subsidy-programs-expects-3-7-increase-in-food-prices\/\",\"name\":\"Gov\u2019t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices - 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It is clear when the ministry will introduce 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":647254,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/move-to-cash-based-subsidy-system-wont-happen-until-inflation-cools-el-moselhy\/","url_meta":{"origin":628086,"position":1},"title":"Move to cash-based subsidy system won\u2019t happen until inflation cools \u2013El Moselhy","author":"enterpriseam admin","date":"7 May 2017","format":false,"excerpt":"Move to cash-based subsidy system won\u2019t happen until inflation cools, El Moselhy suggests in interview with the Financial Times: Rising food prices are forcing families to rely more heavily on subsidized bread, straining an already-embattled bread subsidy system, writes Heba Saleh for the Financial Times. With food price inflation topping\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":628086,"position":2},"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. The government could increase bakers\u2019\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\/2020\/1\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593057,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/populist-measures-in-egypt-continue-as-govt-announces-lower-food-prices\/","url_meta":{"origin":628086,"position":3},"title":"Populist measures in Egypt continue as gov\u2019t announces lower food prices","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"Gov\u2019t cuts prices of some core subsidized foodstuffs: The Supply Ministry will reduce the prices of subsidized food commodities starting December, state news agency MENA quoted Supply Minister Aly El Moselhy as saying, according to Reuters. 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