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Bread Crisis in Sudan Hindering Government Efforts

A Sudanese man works at a bakery in the capital Khartoum on Friday. (AFP)
A Sudanese man works at a bakery in the capital Khartoum on Friday. (AFP)
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Bread Crisis in Sudan Hindering Government Efforts

A Sudanese man works at a bakery in the capital Khartoum on Friday. (AFP)
A Sudanese man works at a bakery in the capital Khartoum on Friday. (AFP)

Bread lines remain a familiar scene in the main streets of Khartoum, although the Ministry of Finance and Economic Planning announced that it was increasing subsidies of a sack of flour from 100 to 250 Sudanese pounds (around USD14).

A Russian ship loaded with wheat had already arrived in Port Sudan.

Sudan has been witnessing a crisis in providing wheat to bakeries for a month now due to the scarcity of foreign monetary resources in the Central Bank of Sudan (CBS), which was forced to resort to commercial banks to fulfill the country’s needs of essential products, such as wheat and fuel.

The ministry demanded that bakeries increase their daily production to exceed 100,000 sacks to cover the needs of the capital and other states.

The security authorities and popular forces called for taking precautions to maintain the subsidized wheat and prevent smuggling.

Tariq Shalabi, State Minister at the Ministry of Finance and Economic Planning, said that the country seeks to provide bread given that it is a strategic product that is linked to the lives of citizens.

He pointed out that the past period saw several policies to resolve this crisis.

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Gold Prices Hit Records Above $3,300/oz

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
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Gold Prices Hit Records Above $3,300/oz

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo

Gold prices pierced the $3,300 an ounce barrier to hit record highs as investors sought a refuge from the turbulence surrounding trade tensions between the United States and China.
Spot gold hit a record of $3,317.90 per ounce on Wednesday, resuming a rally based on US President Donald Trump's tariff policies, robust central bank buying and prospects of interest rate cuts by the Federal Reserve, Reuters reported.
"Gold is re-calibrating to reflect the current state of world affairs ... If the price is telling us something, then it’s a distinct warning bell," said independent analyst Ross Norman.
"High conviction buying that commenced about a year ago - likely unreported central bank buying - is being compounded by buying on price strength."
Bullion has gained around 26% so far this year, in a rise that has drawn comparisons with its 1980 rally during the Iranian Revolution, when prices shot up around 118% between November 1979 and January 1980.
Trump on Tuesday rolled out the latest of his tariff policies, ordering an investigation into potential new levies on all US critical minerals imports and other goods.
Gold is traditionally used to hedge against political turmoil.
"Some longer-term gold owners are taking profit at these fresh record highs, but new inflows are also running strong," said Adrian Ash, director of research at BullionVault.
Gold ETFs saw an inflow of 226.5 metric tons, worth $21.1 billion, in the first quarter of 2025, the largest amount since the first quarter of 2022, when markets were grappling with the consequences of Russia's invasion of Ukraine.
"ETF demand is the additional new component that had otherwise been missing and is certainly helping to fuel the rise," Norman added.
Gold has also gained from the lower dollar, near a three-year low, making bullion a more attractive investment for other currency holders.
"The next milestone for gold is $3,500. Expect that before too long," Norman added.
Central bank buying has further buoyed gold, with China's central bank adding to its reserves in March for the fifth straight month.
Gold posted 25 all-time highs this year, of which 13 are above the $3,000 level.