Egypt to slash bread subsidies, prices increase by 400% ...Kuwait

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Egypt to slash bread subsidies, prices increase by 400%
Egypt's poor and limited-income households may no longer be able to afford basic food requirements after bread subsidies are set to be slashed next month. During a televised press conference held on Wednesday evening, 30 May, Prime Minister Moustafa Madbouly said the subsidies of the Egyptian flatbread will be reduced. Madbouly also said that there are attempts by authorities not to impact the poor, in a country where almost one-third of the population of nearly 105 million is under the poverty line and suffering from malnutrition.  "The state will continue offering subsidies…but we are limiting them due to the rising cost of wheat [mostly imported]," the Egyptian PM s

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