{"id":645281,"date":"2017-07-17T03:49:24","date_gmt":"2017-07-17T03:49:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/overhaul-of-bread-subsidy-system-unlikely-to-change-how-much-wheat-egypt-imports\/"},"modified":"2017-07-17T03:49:24","modified_gmt":"2017-07-17T03:49:24","slug":"overhaul-of-bread-subsidy-system-unlikely-to-change-how-much-wheat-egypt-imports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/overhaul-of-bread-subsidy-system-unlikely-to-change-how-much-wheat-egypt-imports\/","title":{"rendered":"Overhaul of bread subsidy system unlikely to change how much wheat Egypt imports"},"content":{"rendered":"<p><strong>Overhaul of bread subsidy system unlikely to change how much wheat Egypt imports:<\/strong> The Ismail government\u2019s overhaul of its bread subsidy program is unlikely to lead to any significant change in how much wheat Egypt buys on the international market, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-07-12\/egypt-s-wheat-demand-to-stay-high-despite-subsidy-overhaul\">traders and analysts tell Bloomberg<\/a>. \u201cImport demand will be the same as people still need to consume wheat and flour and Egypt\u2019s bread consumption is one of the highest in the world,\u201d CEO of Roots Commodities in Egypt Haitham Nouh said. \u201cWe expect import volumes to stay normal and any increase in wheat imports will only be a reflection of the increase in population.\u201d Nouh also believes the political sensitivities underlying the bread subsidy program would mean that the pace of reforming the system will be gradual, and hence unlikely to impact wheat imports significantly. <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/\">Last Wednesday<\/a>, the Supply Ministry had announced it is ending subsidizing the production of flour and will only subsidize the production of bread beginning in August. A few days prior to announcing the decision <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\">the Supply Ministry said that it will increase wheat imports<\/a> in FY2017-18 to 6.2 mn tonnes from 5.5 mn tonnes during the previous fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overhaul of bread subsidy system unlikely to change how much wheat Egypt imports: The Ismail government\u2019s overhaul of its bread subsidy program is unlikely to lead to any significant change in how much wheat Egypt buys on the international market, traders and analysts tell Bloomberg. \u201cImport demand will be the same as people still need [&hellip;]<\/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-645281","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1730f720-6419-4a0b-9290-d99c6ba989b2","order":"0","is_powered_by":true,"section_story_id":"84ba537e-2cb1-4371-a1f7-5844d9f20398","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645261],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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El Moselhy made the call during a meeting of the House\u2026","rel":"","context":"In &quot;SUBSIDIES&quot;","block_context":{"text":"SUBSIDIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/subsidies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596924,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/egypts-wheat-imports-decline-by-9-6-in-1h2019\/","url_meta":{"origin":645281,"position":1},"title":"Egypt\u2019s wheat imports decline by 9.6% in 1H2019","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"Good news for bread subsidy watchers (and bad news for wheat importers) \u2014 wheat imports, prices fall: Wheat imports declined by 9.6% in 1H2019 to 5.7 mn tonnes, the local press reported, citing data from the General Organization For Export & Import Control. Accompanying this drop in imports was a\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":544451,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/03\/egypt-in-the-news-more-war-less-wheat\/","url_meta":{"origin":645281,"position":2},"title":"Egypt in the News: More war, less wheat","author":"enterpriseam admin","date":"3 March 2022","format":false,"excerpt":"The international press is taking note of the link between rising wheat prices here at home and the war in Ukraine this morning. 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That\u2019s the opinion hinted at by a number of traders speaking to Reuters, who note that Egypt is ratcheting up its wheat purchases on the global market at a more aggressive pace to keep up\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":543667,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/private-sector-eclipses-gasc-as-egypts-leading-wheat-importer\/","url_meta":{"origin":645281,"position":4},"title":"Private sector eclipses GASC as Egypt\u2019s leading wheat importer","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"The private sector was Egypt\u2019s leading wheat importer last year: Private sector wheat imports surpassed purchases by the state-run General Authority for Supply Commodities (GASC) in 2021 \u2014 and could continue to lead Egypt\u2019s wheat imports, Reuters reports, citing industry experts.In numbers: The private sector imported 6.9 mn tonnes of\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578961,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/what-wheat-is-to-bread-corn-is-to-chickens\/","url_meta":{"origin":645281,"position":5},"title":"What wheat is to bread, corn is to chickens","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"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\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\/332.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\/645281","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=645281"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645281\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645261"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645281"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645281"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}