He added in statements to Akhbar Al-Youm’s portal: “I strongly support President Sisi’s talk about increasing the price of the subsidized loaf, especially since the actual cost of the loaf is about 61 piasters, the state bears 56 piasters, and the citizen pays only five piasters of the actual cost.”
Hammad explained that the municipal bakeries dedicated to the production of subsidized loaves produce about 300 million loaves per day, with the state bearing the difference in production cost 56 piasters for each loaf.
Hammad called on the Ministry of Supply to tighten control over bakeries and mills, as loaf price increase It is expected that this will result in smuggling the flour to the black market.
It is worth noting that President Abdel-Fattah El-Sisi said that the state is about to increase the price of a loaf of bread, saying: “It is time to increase the price of a loaf of bread… It is impossible for the price of 20 loaves to be equal to a cigarette.”
President Sisi added, during his speech during the inauguration of the city Industrial food Silo Foods Today, Tuesday, in Sadat City, he will bear the responsibility for increasing the price of a loaf of bread, and will not leave the matter to the government alone, denouncing the perpetuation of the price of a loaf of bread for 30 years.
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