Its not (only) a low shipping cost but also includes a "government keeps food prices low". https://www.bloomberg.com/news/articles/2022-03-02/war-choking-off-w

Its not (only) a low shipping cost but also includes a "government keeps food prices low". https://www.bloomberg.com/news/articles/2022-03-02/war-choking-off-wheat-leaves-middle-east-buyers-most-vulnerable https://www.bloomberg.com/news/articles/2022-03-02/war-choki... > A subsidized flatbread loaf in Egypt sells for the equivalent of about 1 U.S. cent. The country allocates five loaves a day to people in the program and uses the public treasury to compensate bakers for their losses. > An attempt in the late 1970s by then-President Anwar Sadat to end subsidies on basic foodstuffs triggered riots that left more than 80 people dead, so the government since has resorted to workarounds such as shrinking the size of loaves. https://www.reuters.com/world/middle-east/egypt-eyes-bread-subsidy-overhaul-global-inflation-bites-2022-02-01/ https://www.reuters.com/world/middle-east/egypt-eyes-bread-s... > CAIRO, Feb 1 (Reuters) - Egypt is considering replacing a popular bread subsidy with cash payments for the poor to protect the budget from soaring global wheat prices, but domestic inflation and a history of protests could make the government opt for a less ambitious reform. > Under the existing program, more than 60 million Egyptians, or nearly two thirds of the population, get 5 loaves of round bread daily for 50 cents a month, little changed since countrywide "bread riots" prevented a price hike in the 1970s.