Egypt offers mills wheat from LE16,500 a tonne.

Millers and bakers want higher unsubsidised bread prices, but the government held its price caps.

Open-market wheat costs LE16,800-17,200, and exchange registration and trading fees narrow the gap, industry sources say.

Industry sources say the same release in 2023 only fuelled profiteering on a parallel secondary market.

Sales are capped at 500 tonnes per mill, but the ministry has not said the total.

How each outlet framed it
Mada Masr leans critical
doubts the wheat release will cut costs, citing the 2023 supply allocation that fed a parallel profiteering market

Sources: Mada Masr