News

1500 pounds, a decline in the price of a ton of rice in Egypt and a kilo for the consumer starts from 12.5 pounds

Rice
Egypt
Published Jun 14, 2022

Tridge summary

Magdy El Welily, head of the Export Committee of the Chamber of Grain Industry in the Federation of Industries, revealed that the price of a ton of white rice decreased from 1,000 to 1,500 pounds, after a tender was issued to import a shipment of Indian rice arriving in Egypt in July 2022, which is rice similar in specifications to Egyptian high-grain rice. El Welily added in statements For "The Seventh Day", the rice supply season began last August at the price of 3,500 pounds per ton of barley rice, "raw rice", and the average price was traded at that time, noting that some saw that this price was not appropriate, so some farmers as well as capital owners, store barley until its prices rise, which made prices rise significantly.

Original content

Magdy El Welily, head of the Export Committee of the Chamber of Grain Industry in the Federation of Industries, revealed that the price of a ton of white rice decreased from 1000 to 1500 pounds, after a tender was issued to import a shipment of Indian rice arriving in Egypt in July 2022, which is rice similar in specifications to Egyptian high-grain rice. Al-Welily added, in statements to “The Seventh Day”, that the rice supply season began last August at the price of 3,500 pounds per ton of barley rice, “raw rice”, and at that time, the average price was traded, noting that some saw that this price was inappropriate, so he made Some farmers, as well as capital owners, store barley until its prices rise, which made prices rise significantly. The head of the Export Committee indicated that the price of a ton of barley rice ranged between 6.5-7 thousand at the beginning of the month of Ramadan. In contrast, the price of a ton of white rice rose to levels of 10 thousand pounds ...
Source: Youm7
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