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In late May 2024, the Egyptian Government announced its intention to increase the price of subsidized bread (from 5 piasters {$.001} per loaf to 20 piasters {$.004} per loaf) as of June 1, 2024 -- marking the first increase in the price of subsidized bread in Egypt in 36 years.
Egyptian marketing year (MY) 2023/24 wheat imports are estimated at 12.0 million metric tons (MMT), up by 6.9 percent from MY 2022/23 due to lower area and production.
In Egypt, grapes are one of the most widely grown fruit crops, second to citrus. There are many varieties of table grapes produced in Egypt.
Egypt's economy is under pressure due to rising inflation and the impact of Russia's invasion of Ukraine -- Egyptian food prices are rising and U.S. dollars are increasingly hard to access.