News Updates EGYPT COMMENTS The Egyptian government announced on Sunday that it is cutting the wheat flour subsidy to bakeries and that the flour will be sold at market prices. However, bread will be 100 percent subsidized. Bakers are complaining that the new subsidy formula for bread sales will not cover the flour and operating costs. The price of flour is increasing from $2.59/100 kilograms to $44.00/100 kilograms; the government allows bakers about $1.23/100 kilograms for production costs, but bakers say the cost is actually $1.85/100 kilograms. There will be no change to the retail cost as a result of this change, but with the subsidy applied strictly to bread, there will be little incentive for flour to be diverted into the animal fe...