<\/svg><\/div>\nPrice Rises for Bread, Rice, Feed and Land Transport<\/h3>\n
The Egyptian market has seen rises in the prices of some basic goods and services in the past few days: prices of unsubsidised baladi bread rose by between 17% and 50% for fino loaves and large baladi loaves, an increase applied at the end of last week.<\/p>\n
Prices of feed and raw materials in the markets recorded new jumps, as a tonne of imported Brazilian and Argentine maize jumped to EGP 20,000 instead of EGP 16,500, an increase of EGP 3,500, coinciding with a decline in feed releases.<\/p>\n
Owners of private vehicles and transport offices for the ports of Alexandria and Dekheila decided to raise land transport charges by 50% for clients, and by 30% for the ports of West Port Said and East Tafreea. Eng. Mostafa El-Naggary, head of the Agricultural Export Council, expected in a phone interview on the programme “Kelma Akhira” on ON TV that rice prices will rise with the start of the month of Ramadan, which begins next March.<\/p>\n
El-Naggary said: “An increase is expected because Egypt’s rice production barely covers consumption, but demand for rice is always daily demand, while those who sell do not sell daily, so gaps arise that appear in the stages of increased demand before Ramadan, because by its nature demand for it starts high and with the arrival of its tenth day it declines again”.<\/p>\n
He denied that rice exports are a reason for any price jumps, saying: “Rice exports have never affected its prices locally, because at the time there was always a balance between demand and supply and the whole system was tightly controlled”.<\/p>\n
El-Naggary revealed the truth about fava bean sandwich prices rising again in the coming period, stressing that legume prices are not immune to the wave of price rises, explaining that the current price of a tonne of fava beans is estimated at about EGP 35,000 to 37,000, meaning the price of a kilo ranges between EGP 35 and 37, and expecting an increase of about 40% in fava bean prices in the coming period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Egypt’s central bank hikes rates as bread, feed and transport prices climb, and a rights group says terrorism circuits have stopped releasing detainees.<\/p>\n","protected":false},"author":11,"featured_media":7784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[412],"tags":[20249,20090,18473,20246,20247,20243,20245,20244,18214,20248],"kateb":[710],"class_list":["post-18734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics-en","tag-bread-and-rice-prices","tag-central-bank-of-egypt-rate-hike","tag-egyptian-front-for-human-rights","tag-gold-bars-demand-egypt","tag-imf-talks-egypt","tag-investment-spending-cuts","tag-real-estate-export-in-dollars","tag-state-tax-exemptions","tag-sugar-crisis-egypt","tag-terrorism-circuits-detention-renewals","kateb-zawia3-com"],"jetpack_featured_media_url":"https:\/\/zawia3.com\/wp-content\/uploads\/2024\/02\/\u0646\u0633\u062e\u0629-\u0645\u0646-\u0646\u0633\u062e\u0629-\u0645\u0646-\u0627\u0644\u062a\u0639\u0648\u064a\u0645-\u0627\u0644\u0645\u0648\u0642\u0639-\u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a.png","_links":{"self":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/comments?post=18734"}],"version-history":[{"count":1,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18734\/revisions"}],"predecessor-version":[{"id":18735,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18734\/revisions\/18735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/media\/7784"}],"wp:attachment":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/media?parent=18734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/categories?post=18734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/tags?post=18734"},{"taxonomy":"kateb","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/kateb?post=18734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}