On-the-Ground Updates

Egypt Experienced a 5% Decrease in Rice Prices in Mar-24 Amid Increased Market Availability

Rice
Egypt
Market & Price Trends
Emad Kader
Published Mar 18, 2024
In Mar-24, there was a 5% decrease in rice prices in Egypt, with the price reaching USD 643.02 per metric ton (EGP 30,000) compared to USD 707.32/mt (EGP 33,000) in Jan-24. This decline is due to the high availability of rice in the market and fluctuations in the US dollar exchange rate at Egyptian banks.

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