CAIRO- The Egyptian supply ministry will immediately begin studying raising the price of subsidised bread after the country's president Abdel Fattah al-Sisi called for a hike, minister Ali Moselhy told local newspaper El-Watan.

The move will be studied and presented to the cabinet as soon as possible, Moselhy said, adding that the country is looking to reformulate its subsidy bill in a more comprehensive manner.

(Reporting by Omar Fahmy; Writing by Nadine Awadalla; Editing by Kirsten Donovan) ((Nadine.Awadalla@thomsonreuters.com;))