{"id":645749,"date":"2017-07-30T03:55:22","date_gmt":"2017-07-30T03:55:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/"},"modified":"2017-07-30T03:55:22","modified_gmt":"2017-07-30T03:55:22","slug":"flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/","title":{"rendered":"Flour, diesel subsidies officially come to an end for subsidized bread bakeries"},"content":{"rendered":"

<\/a> Flour, diesel subsidies officially come to an end for subsidized bakers:<\/strong> 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 retail price of bread at EGP 0.05 per loaf, according to Ahram Gate<\/a>. Wheat mills and bakeries will receive some compensation<\/a> for the production cost of flour and bread \u2014 which the ministry has set at EGP 180 per 100 kg sack of flour<\/a> \u2014 as long as the product meets quality standards. This would ensure the government only pays for the final product rather than defraying the cost of raw materials that have been consistently siphoned out of the system. The phase-out has reportedly begun, Al Shorouk reports<\/a>.<\/p>\n

The ministry will monitor the market to ensure bakeries do not raise their prices. <\/strong>Inspection committees will also take monthly samples from wheat mills to test for quality, Supply Minister Ali El Moselhy said, according to Al Shorouk<\/a>.<\/p>\n

El Moselhy also announced that bakeries will be paying for diesel at market prices <\/strong>come August<\/strong>, Al Masry Al Youm reports<\/a>.<\/p>\n

Some bakers and millers are (expectedly) up in arms over the new system<\/strong>, which they had hoped would not come into effect on time<\/a>, with some 28k bakery owners saying they won\u2019t play ball with the new system until the ministry clears back dues, Al Mal reports<\/a>. Bakers are also demanding that the ministry raise production costs to EGP 200 per 100 kg sack of flour. They threatened to partially shut down production<\/a> if their demands are not met, pushing El Moselhy to hold a closed-door meeting with them, according to the newspaper<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 retail price of bread at […]<\/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-645749","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bff3d6ca-fab8-437e-95ea-89c761aac838","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645742],"teaser":"","voice_url":""},"yoast_head":"\nFlour, diesel subsidies officially come to an end for subsidized bread bakeries - 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\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flour, diesel subsidies officially come to an end for subsidized bread bakeries\" \/>\n<meta property=\"og:description\" content=\"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. 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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":645749,"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":544641,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/govt-steps-in-to-lower-flour-prices-calls-for-metal-export-ban\/","url_meta":{"origin":645749,"position":2},"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. 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A pack of five balady loaves can now cost EGP 7.50 in Cairo, up from\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\/2022\/3\/89.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631329,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/supply-ministry-looking-into-raising-subsidized-bread-production-cost\/","url_meta":{"origin":645749,"position":4},"title":"Supply Ministry looking into raising subsidized bread production cost","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"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\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":645749,"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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