{"id":645169,"date":"2017-07-13T04:17:10","date_gmt":"2017-07-13T04:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/"},"modified":"2017-07-13T04:17:10","modified_gmt":"2017-07-13T04:17:10","slug":"supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/","title":{"rendered":"Supply Ministry to halt subsidizing flour for subsidized bread"},"content":{"rendered":"

<\/a> Supply Ministry ends subsidies of flour:<\/strong> 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<\/a>. The move is aimed at curbing wheat subsidies fraud that has cost state coffers mns each year, and will drive down wheat imports \u2014 which reached 6.2 mn tonnes this year<\/a>\u2014 by around 10%, according to ministry spokesman Mohamed Sewed. The new system will \u201cremove the incentive for smuggling flour, cutting down on waste and helping to save the state up to [EGP 8 bn] from its 2017-18 food subsidy bill,\u201d Sewed said, according to Reuters<\/a>.<\/p>\n

The decision comes days after the ministry <\/strong>moved to raise the cost of bread production<\/strong><\/a> to EGP 180 per sack of flour, up from EGP 160 (each sack of flour yields 1,250 loaves). Under the new system, the ministry will use the electronic bread point system to disburse the subsidy based on the final tally of loaves sold at each bakery, taking into account the new price of production.<\/p>\n

The ministry was quick to reassure citizens that<\/strong> the move would not affect the selling price of bread<\/strong>, which is currently sold at EGP 0.05 per loaf, according to Youm7<\/a>. Citizens receive each loaf of bread at less than 10% of its production cost.<\/p>\n

Clerics helping out with the reform agenda? <\/strong>Dar Al Ifta is also doing its part to help the state\u2019s efforts to stop black market trading of subsidized goods, issuing a statement yesterday saying that doing so \u201cconstitutes harm to and aggression on those who deserve them and public funds,\u201d Gulf News reports<\/a>. The edict comes as the government is also working to overhaul the subsidy card system and purge it of moochers as part of economic reforms currently being implemented, the website notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 curbing wheat subsidies fraud that […]<\/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-645169","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e65d8162-d4f6-419c-9c34-3b384be397ae","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645163],"teaser":"","voice_url":""},"yoast_head":"\nSupply Ministry to halt subsidizing flour for subsidized bread - 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\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Ministry to halt subsidizing flour for subsidized bread\" \/>\n<meta property=\"og:description\" content=\"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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The news came after the ministry reached an agreement with mill owners, ministry spokesman Mohamed Sewed tells Al\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":645340,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/govt-considers-doubling-bread-point-subsidies-on-smart-cards-reuters\/","url_meta":{"origin":645169,"position":1},"title":"Gov\u2019t considers doubling bread point subsidies on smart cards -Reuters","author":"enterpriseam admin","date":"18 July 2017","format":false,"excerpt":"The government is considering doubling the bread subsidies that qualified beneficiaries receive through the Supply Ministry\u2019s smart card system, two government sources told Reuters\u2019 Arabic service. The increase would give each smart card holder EGP 0.20 for every loaf of bread not bought out of the 150 loaves allocated to\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":645169,"position":2},"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":573811,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers\/","url_meta":{"origin":645169,"position":3},"title":"Egypt\u2019s Supply Ministry raises compensation for subsidized bread bakers","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"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\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":642238,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/is-the-supply-ministry-looking-to-liberalize-wheat-bran-in-a-similar-manner-to-flour\/","url_meta":{"origin":645169,"position":4},"title":"Is the Supply Ministry looking to liberalize wheat bran in a similar manner to flour?","author":"enterpriseam admin","date":"9 August 2017","format":false,"excerpt":"Is the Supply Ministry looking to liberalize wheat bran in a similar manner to flour? 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