Men work in a Cairo bakery on 17 March 2022. Soaring bread prices caused by Russia's invasion of Ukraine have hit consumers in Egypt (AFP)
Middle East Eye: Feeding the 72 million: Egypt's grand wheat plan splits the industry
Farmers who don’t deliver wheat quota threatened with jail as price spike jeopardises Egypt's 270 million daily loaves
In the wake of the Russia-Ukraine war, Egypt's decision to force local wheat producers to sell a slice of their output to the government has split the industry, with some farmers set to gain and others facing job losses.
On Wednesday, authorities introduced measures they hope will incentivise Egyptian growers to sell more wheat: raising prices, setting quotas, and threatening farmers with prison if they do not deliver.
Politicians say these unprecedented measures are necessary if Egypt wants to keep bread on the table.
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WNU Editor: Forcing farmers to hand over their crops to the government or face prison. Here is an easy prediction. This is not going to turn out well.
Update: More details on the impact that the Russia - Ukraine war is having on Egypt can be read here ..... Egypt: Consumers in shock as interest rates rise amid soaring inflation (Middle East eye).
1 comment:
Egypt was friends with Russia.Turned out well dummies ,lol!!
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