Egypt planning for major wheat import savings, sources say ...Kuwait

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Egypt planning for major wheat import savings, sources say
Egypt has developed plans to slash wheat imports and spend less on subsidised bread by adding corn or sorghum as ingredients, five industry sources briefed on the plans told Reuters. The proposals could save the government millions of dollars but face opposition from bakers and millers who could lose out financially and argue that bread quality would suffer. Egypt has been grappling with rising debt, foreign currency shortages and persistent inflation. The government says that its bread subsidy programme, which it aims eventually to phase out, is a major strain on the budget. Under the supply ministry's latest plan, which was presented to bakers and millers at the end

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