News

Egypt: 4 thousand pounds increase in the price of a ton of lentils within two days

Dried Lentil
Grains, Cereal & Legumes
Egypt
Published Aug 29, 2023

Tridge summary

Lentil prices in Egypt have risen by 4 thousand pounds per ton in the past two days, reaching 40,000 pounds per ton. This increase is due to a lack of supply in the local market, as well as global price increases and the depreciation of the Egyptian pound against the US dollar. Egypt heavily relies on importing lentils and other beans, with 95% of lentil consumption being imported.
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

I wrote – Dina Khaled: Lentil prices have increased by about 4 thousand pounds per ton in the wholesale market during the past two days, according to what Aziz Ezzat, a member of the Grain Division of the Cairo Chamber of Commerce, told Masrawy. Ezzat added that lentil prices rose to 40,000 pounds per ton now, compared to 36,000 pounds per ton at the beginning of the week. Ezzat attributed this rise to the lack of supply of lentils in the local market, in addition to the rise in its prices globally and the increase in the price of the dollar in the parallel market, as it reached 41 pounds, compared to 39 pounds two days ago. "We depend on importing most of our lentil needs from abroad, so its prices are affected by international prices ...
Source: EGmasrawy
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