Egypt's Bakeries Division reveals expected increase in Fino bread prices
The head of the Bakeries Division, Abdullah Ghorab, said that a meeting will be held on Sunday at the Chamber of Commerce to coordinate with the Ministry of Supply and Internal Trade regarding the price of tourist (non-subsidized) and Fino bread, following the recent increase in fuel prices.
During a phone interview with Ahmed Moussa's TV show 'Ala Massoulity' (On My Responsibility) on Saturday evening, Ghorab said that there will be an increase in the price of tourist and Fino bread.
He pointed out that baking a sack of flour consumes 16 liters of diesel.
Ghorab explained that the price of tourist and Fino bread is expected to increase by no more than 25 percent, noting that the weight of the loaf will remain unchanged.
He pointed out that the increase in diesel prices significantly impacts bread production.
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