Egypt is, for the moment, safe from “out of stock” delays. However, local consumers have made complaints against food retail chains, which would take advantage of the inflationary trend to increase prices more than necessary.
For Egypt, the world’s leading wheat importer (30% of imports come from Ukraine and 50% from Russia), the threat posed by the war in Ukraine is all the greater as the Arab Spring of 2010 was triggered by the explosion in the price of bread. In the short term, there is no need to fear a shortage. Egypt, with a G.D.P. per capita of US$12,790 (in PPP), has 3.2 million tonnes of stocks to feed a population of 102 million until the end of the year.
Despite this, Prime Minister Mustafa Madbouli...
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