Ukraine War Spurs Some Bread-Price Rises in Top Wheat Importer
- Some Egypt bakers charging more for unsubsidized loaves
- Arab nation is dealing with soaring global costs for wheat
A cyclist balances a bread board on his head as he rides in Cairo.
Photographer: Sima Diab/BloombergThis article is for subscribers only.
The world’s top wheat importer is seeing prices rise for some unsubsidized bread, as Egyptian bakers blame increasing input costs following Russia’s invasion of Ukraine.
A pack of five flat-bread loaves can now sell for about 7.5 pounds ($0.48) in the greater Cairo area, up from 5 pounds a week ago, according to Khaled Sabri, a member of the bakeries division at Egypt’s chamber of commerce.