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In Egypt, the price of a tonne of 72% extraction zero flour fell by about EGP 1,000 last week as the dollar eased to around EGP 52 from EGP 56.25 in October. Flour now sells for EGP 16,100 to 20,600 per tonne after rising as much as 31% in October.
Lower flour costs are expected to pass into unsubsidised bread and bakery prices, though the pass-through depends on bakery pricing. The stronger Egyptian pound also reduces import costs for feed and milling inputs.
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