Egypt keeps bread level while other subsidies rise ...Kuwait

Egypt's supply ministry raised the prices of most of nationally subsidised goods on Monday - apart from bread, a document seen by Reuters showed. The hikes included a bottle of vegetable oil increasing to EGP 30 ($0.97)from EGP 25, while 1 kilogram sacks of sugar and rice rose to EGP 12.60 from EGP 10.50. More than 60 million people benefit from a system where each household with a ration card receives EGP 50 ($1.62) per month per person to buy around 32 goods at subsidised prices, including items such as pasta, flour and fava beans. The government also provides heavily subsidised bread to more than 70 million of its 104 million citizens. Plans to raise the price of s

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Egypt keeps bread level while other subsidies rise ...Kuwait

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