GFM Network News

Egypt to ration subsidized bread in high-stakes move

Egypt plans to start rationing subsidized bread, a minister said on Tuesday, taking a risky step to curb the budget deficit by restricting supplies of cheap loaves vital to the poor. The government will start rationing “after two months,” Supply Minister Bassem Ouda said. Trials of a rationing system using electronic smart cards will begin […] Read more

Saudi Arabia To Import More Wheat

Reading Time: < 1 minute Saudi Arabia plans to import around two million tonnes of wheat in 2011 like last year and will boost imports to three million tonnes after 2016 as it ends local production, a source at the grains authority said Feb. 2. The top OPEC oil exporter has emerged as a major wheat buyer to feed its […] Read more

Protests Spur Neighbouring Governments To Action

Reading Time: 3 minutes Countries in North Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen. Unprecedented demonstrations have erupted around the region, triggered by events last month in Tunisia where President Zine al-Abidine Ben Ali was forced […] Read more