{"id":631329,"date":"2018-03-15T03:50:55","date_gmt":"2018-03-15T03:50:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/supply-ministry-looking-into-raising-subsidized-bread-production-cost\/"},"modified":"2018-03-15T03:50:55","modified_gmt":"2018-03-15T03:50:55","slug":"supply-ministry-looking-into-raising-subsidized-bread-production-cost","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/supply-ministry-looking-into-raising-subsidized-bread-production-cost\/","title":{"rendered":"Supply Ministry looking into raising subsidized bread production cost"},"content":{"rendered":"

The Supply Ministry is looking into paying bakeries a higher fee for producing subsidized bread<\/strong>, unidentified sources tell Al Mal<\/a>. 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 proposal currently under study would see the ministry pay bakeries EGP 220, up from EGP 180 currently<\/a>, for every 100 kg sack of flour. Under the current pricing scheme, bakeries are compensated EGP 0.144 per loaf to cover production costs, with a EGP 0.406 profit margin per loaf. Raising the cost of production to EGP 220 would mean bakeries would receive EGP 0.176 per loaf for production costs, alongside their profit margin. Bakeries have been complaining that it is costing them more to produce bread due to the rice prices of raw materials..<\/p>\n","protected":false},"excerpt":{"rendered":"

The Supply Ministry is looking into paying bakeries a higher fee for producing subsidized bread, unidentified sources tell Al Mal. 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 proposal currently under study would […]<\/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-631329","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9eded56b-90d7-489f-bfcd-b260f619644c","order":"0","is_powered_by":true,"section_story_id":"d45872e6-5b9c-4474-b517-e8a515f234c0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631312],"teaser":"","voice_url":""},"yoast_head":"\nSupply Ministry looking into raising subsidized bread production cost - 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\/03\/15\/supply-ministry-looking-into-raising-subsidized-bread-production-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Ministry looking into raising subsidized bread production cost\" \/>\n<meta property=\"og:description\" content=\"The Supply Ministry is looking into paying bakeries a higher fee for producing subsidized bread, unidentified sources tell Al Mal. 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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\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":550136,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/16\/private-bakeries-can-get-state-flour-if-they-stick-to-state-bread-prices\/","url_meta":{"origin":631329,"position":1},"title":"Private bakeries can get state flour if they stick to state bread prices","author":"enterpriseam admin","date":"16 October 2022","format":false,"excerpt":"Private bakeries can now get their hands on state wheat: Bakeries will join the list of private sector players eligible to buy wheat from state grain buyer GASC at EGP 10k per ton, according to a Supply Ministry statement.This is limited for now to bakeries in Greater Cairo, Alexandria and\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\/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":631329,"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":544641,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/govt-steps-in-to-lower-flour-prices-calls-for-metal-export-ban\/","url_meta":{"origin":631329,"position":3},"title":"Gov\u2019t steps in to lower flour prices + calls for metal export ban","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"Rising food price inflation continued to dominate the airwaves last night, with most of the talking heads dedicating sizable portions of their shows to discussing bread prices and what the government is doing to tackle the problem. 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":645749,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/","url_meta":{"origin":631329,"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":645169,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/","url_meta":{"origin":631329,"position":5},"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. 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