Cereals Chamber: White rice and barley rice prices drop in the markets of Egypt

Published 2024년 10월 20일

Tridge summary

Ragab Shehata, head of the Rice Division at the Chamber of Grain Industry, announced a slight decrease in wholesale white rice prices in Egypt, with reductions of 500 to 1000 pounds per ton, due to an abundant supply during the harvest season from mid-August to October. The rice planting area exceeded the limit, reaching 1.6 million acres across nine governorates, ensuring that local production meets national consumption needs without requiring imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Written by - Dina Khaled: Ragab Shehata, head of the Rice Division at the Chamber of Grain Industry at the Federation of Industries, said that the prices of white rice witnessed a slight decrease in the price per ton in the wholesale market by a value ranging between 500 and 1000 pounds, depending on the type. Shehata added to Masrawy that the price of a ton of fine-grain barley rice decreased to between 13.5 and 15 thousand pounds, compared to 14 and 15.5 thousand pounds before the decrease, and a ton of broad-grain barley rice decreased to 16 thousand pounds, compared to 16.5 pounds, before the decrease, a decrease of 500 pounds per ton. Shehata explained that a ton of fine-grain white rice decreased to a price ranging between 22 and 24 thousand pounds per ton, compared to a price ranging between 23 and 25 thousand pounds per ton, a decrease of 1 thousand pounds per ton. Shehata pointed out that the price of a ton of white, broad-grain rice dropped to between 24 and 26 thousand ...
Source: EGmasrawy

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