Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989
In June 2024, the Egyptian government raised the price of subsidized traditional baladi bread to 20 piastres ($0.004)1 per loaf—quadrupling the old price of 5 piastres. The change—the first such increase since 1989—was triggered by a number of factors: Egypt’s heavy reliance on wheat imports due to...
| Autores principales: | , |
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| Formato: | Blog Post |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2024
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| Acceso en línea: | https://hdl.handle.net/10568/168109 |
| _version_ | 1855515239589609472 |
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| author | Jovanovic, Nina Glauber, Joseph W. |
| author_browse | Glauber, Joseph W. Jovanovic, Nina |
| author_facet | Jovanovic, Nina Glauber, Joseph W. |
| author_sort | Jovanovic, Nina |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In June 2024, the Egyptian government raised the price of subsidized traditional baladi bread to 20 piastres ($0.004)1 per loaf—quadrupling the old price of 5 piastres. The change—the first such increase since 1989—was triggered by a number of factors: Egypt’s heavy reliance on wheat imports due to limited arable crop base and growing population, along with high global wheat prices amid the Russia-Ukraine war, combined with the weakening of Egyptian pound (EGP) against the U.S. dollar in March 2024 and government efforts to reduce public spending. |
| format | Blog Post |
| id | CGSpace168109 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1681092025-01-24T08:53:32Z Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 Jovanovic, Nina Glauber, Joseph W. prices wheat bread subsidies imports In June 2024, the Egyptian government raised the price of subsidized traditional baladi bread to 20 piastres ($0.004)1 per loaf—quadrupling the old price of 5 piastres. The change—the first such increase since 1989—was triggered by a number of factors: Egypt’s heavy reliance on wheat imports due to limited arable crop base and growing population, along with high global wheat prices amid the Russia-Ukraine war, combined with the weakening of Egyptian pound (EGP) against the U.S. dollar in March 2024 and government efforts to reduce public spending. 2024-08-07 2024-12-19T21:54:38Z 2024-12-19T21:54:38Z Blog Post https://hdl.handle.net/10568/168109 en Open Access International Food Policy Research Institute Jovanovic, Nina; and Glauber, Joseph. 2024. Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989. IFPRI Blog. Washington, DC: International Food Policy Research Institute. https://www.ifpri.org/blog/egypt-increases-price-of-subsidized-bread-for-the-first-time-since-1989-implications-for-nutrition-and-food-security/ |
| spellingShingle | prices wheat bread subsidies imports Jovanovic, Nina Glauber, Joseph W. Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title | Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title_full | Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title_fullStr | Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title_full_unstemmed | Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title_short | Higher wheat prices push Egypt to increase price of subsidized bread for first time since 1989 |
| title_sort | higher wheat prices push egypt to increase price of subsidized bread for first time since 1989 |
| topic | prices wheat bread subsidies imports |
| url | https://hdl.handle.net/10568/168109 |
| work_keys_str_mv | AT jovanovicnina higherwheatpricespushegypttoincreasepriceofsubsidizedbreadforfirsttimesince1989 AT glauberjosephw higherwheatpricespushegypttoincreasepriceofsubsidizedbreadforfirsttimesince1989 |