Egypt to begin studying bread price rise, supply minister says

The move will be studied and presented to the cabinet as soon as possible

  
A bakery worker carries fresh bread in Cairo, Egypt, October 25, 2017. REUTERS/Amr Abdallah Dals/File Photo

A bakery worker carries fresh bread in Cairo, Egypt, October 25, 2017. REUTERS/Amr Abdallah Dals/File Photo

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;))


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