Egypt
When Egypt moved to cap the price of unsubsidized bread just last week, it was not just to prevent price manipulation following a recent surge in fuel costs. Rather, it was also a response to a deeper, decades-old equation that links food, politics, and national stability. The current price cap follows a sharp increase in fuel prices, itself linked to wider geopolitical tensions affecting energy markets. As transport and production costs rise, bread, highly sensitive to both fuel and…
