Ukraine war: Egypt fixes bread price amid wheat shortage

The Egyptian prime minister has set a fixed price for unsubsidised bread with the aim of controlling rising food prices due to disruption to the wheat supply caused by Russia’s invasion of Ukraine.

Moustafa Madbouly set the cost of commercially sold bread at 11.5 Egyptian pounds ($0.65; £0.5) for a kilo after prices rose by up to 25% in the past three weeks.

Egypt is regularly the biggest importer of wheat in the world – with Russia and Ukraine accounting for around 80% of imports last year.

Source: Ghana News