Egypt sets fixed price for unsubsidized bread (i24News) 

i24News (Egypt) published an article stating that Egypt is usually the world’s largest wheat importer, and relies heavily on Russian and Ukrainian exports Egypt on Monday set a fixed price for unsubsidized bread to counter rising food prices in the face of Russia’s invasion of Ukraine which closed off access to lower-priced Black Sea wheat. According to a study by IFPRI, increases in wheat prices could double annual state spending on imports from $3 billion to $5 billion.