The hike in the wheat prices is mostly tied to the very cold weather conditions as

many areas in the world where wheat grows have witnessed ice fall, deputy chairman of the Secretariat Capital Chamber of Commerce and Industry said.
Recently, the wheat prices have risen to between 15-20 percent.
Muhammad Salah, however, affirmed the wheat prices will return to their previous low levels and maybe lesser.
He warned people against buying large quantities of wheat as such a move may cause a shortage crisis of this very crucial foodstuff.
The deputy pointed out that the ministry of Industry and Trade is closely following up domestic and global prices of wheat, assuring the coming agricultural seasons will bring good news.
The last year saw food  and fuel price hikes. but Oil prices, which hit record highs above $147 a barrel plunged by the end of the year to under $ 31.