300 pounds per ton, rice prices in Egypt decline again in the markets

The prices of barley and white rice witnessed a new decline in local markets by about 300 pounds per ton compared to last week. Responsible sources in the Rice Division of the Grain Industry Chamber of the Federation of Industries revealed that the prices of barley rice recorded a new decline, with the wide-grained ton recording about 16,200 pounds compared to about 16,500 pounds last week, which is the lowest price per ton since last October. The sources added in statements to “Al Mal” that the prices of barley rice with fine grains also decreased to record about 15,200 pounds per ton at the beginning of this week, a decrease of 300 pounds per ton. They pointed out that the prices of white rice also decreased in the markets by the same value, as the ton ranges between 24-28 thousand pounds according to the type “wide or fine grain” and the quality, breakage rate and mill. The sources explained that the significant decline in rice prices comes against the backdrop of the increase ...