Egypt fixes price of bread as Ukraine war hits wheat supply
Egypt has fixed the price of unsubsidised bread amid a global surge in wheat prices since Russia’s invasion of Ukraine.
The move comes after war shut off access to cheaper wheat from the Black Sea region, particularly affecting exports to the Middle East and north African region. Egypt is the world’s biggest wheat importer, bringing in about 60% of its grain from overseas. Russia and Ukraine accounted for 80% of the country’s imports last year.