Rice prices fell today in Egypt at 500 pounds per ton

Rice

Grains, Cereal & Legumes

Egypt

Market & Price Trends

Published Mar 25, 2024

Tridge summary

Local markets have seen a decrease in rice and barley prices, with a drop of about 500 pounds per ton compared to the previous week. The price of a ton of broad grain rice is now approximately 17,700 pounds, down from 18,200 pounds. The decrease in prices is due to the availability of supply and calm demand in the markets. Egypt's total production of white rice last year was about 3.6 million tons, while the annual consumption is around 3.2 million tons.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Today, rice and barley prices witnessed a new decline in local markets, amounting to about 500 pounds per ton compared to last week. An official source in the Rice Division of the Grain Chamber of the Federation of Industries revealed in statements to Al Mal that there is a new decline in rice prices today, with the price of a ton recording about 17,700 pounds per ton of broad grain, compared to 18,200 pounds, at the beginning of last week. The sources added in their statements that the price of today's fine-grain barley rice also fell slightly to record levels of about 16,700 thousand pounds per ton, compared to about 17,700 pounds last week. She pointed out that white rice is stable in the markets as well, with a ton ranging between 27 and 30 thousand pounds for merchants, depending on the type (broad or thin grain), quality, breakage rate, and milling. The sources attributed the decrease in prices to the availability of supply and calm ...

Source: Almalnews