Rice prices in Egypt rise by 500 pounds per ton as harvest season nears end

Published Oct 26, 2024

Tridge summary

In Egypt, rice prices have surged by EGP 500 per ton, with broad and fine-grain barley rice now priced at EGP 16,500 and EGP 15,500 per ton, respectively. White rice prices vary from EGP 25,000 to EGP 29,000 per ton, influenced by grain type and breakage percentage. As the rice harvest season approaches its end, expected by early November, the Ministry of Supply is responding to demand by distributing large quantities of rice through exhibitions and imports. The government has designated 725,000 acres for rice cultivation using Nile water and 350,000 acres for dry varieties with treated agricultural drainage water, while prohibiting unauthorized cultivation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Al Mal learned from responsible sources in the Chamber of Grains that rice prices in Egypt have increased by EGP 500 per ton of barley rice, with stable demand for the strategic commodity. The sources said that a ton of broad barley rice rose from EGP 16,000 to EGP 16,500 in the mills during the current week. The sources explained to Al Mal that the prices of fine-grain barley rice recorded EGP 15,500 per ton, an increase of EGP 500 as well. He pointed out that the price of white rice ranges between EGP 25,000 and EGP 29,000 per ton in the markets, depending on the type of grain and the percentage of breakage. He explained that the rice harvest season is coming to an end and may end early next November. The Ministry of Supply is offering large quantities of rice in the markets through exhibitions held and its affiliated entities, in addition to importing quantities from abroad to offer them in the markets. ...

Source: Almalnews