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Current Rice Prices: Significant Decline and Future Forecast

persisted rice prices It declined sharply for the first time in months, as the price per kilo fell by about 15 pounds, to record about 20 pounds in stores for the consumer, after it reached 35 pounds at the height of the current year’s rise, and some packaged items reached 40 pounds.

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the rice

Rice price today

Rice prices have decreased dramatically, as a ton of barley rice recorded a decrease of about 3 thousand pounds or more within a month, and the price of a ton of fine grain is sold at about 13 thousand pounds, which is equivalent to 13 pounds per kilo, after its price was 16 thousand pounds a month ago. The price of a ton of broad-grain barley decreased to about 14 thousand pounds, after its price was 17 thousand pounds a month ago, and exceeded 20 thousand.

white rice price

And it landed White rice prices For most types, a ton of white rice is currently sold at prices ranging from 18 to 20 thousand pounds. To reach the consumer from 20 to 22 pounds per kilo.

the rice

18 pounds

Hazem Al-Menoufi, a member of the General Division of Foodstuffs at the General Federation of Chambers of Commerce, revealed that there is no shortage or crisis in the amount of rice offered in the markets, explaining that there are only 67 days left until the new rice harvest season, and thus an increase in supply and stocks of it, and a decrease in its prices in the market. local.

Al-Menoufi expected that the price of rice would decline after the new season’s harvest to 20 pounds per kilo, and less than that in the coming days.

It is expected that rice prices will drop to between 18-19 pounds in the market within days, and will drop in August to 15 pounds per kilo, according to the Head of the Peasants Syndicate, Hussein Abdel Rahman Abu Saddam, in press statements.

Egyptian rice price today

The price of Egyptian rice fell today; As a result of the approaching harvest date of the new crop, which forced the rice storekeepers to take out the quantities they had for fear of spoilage and the low price with the arrival of the new crop.

the rice

This also comes in conjunction with the supply of large quantities of imported rice, which contributed to the decline in rice prices.

7 million tons

Egypt is waiting for the production of local barley rice this year in quantities of approximately 7 million tons, to cultivate more rice areas than last year, and this amount will produce approximately 4 million tons of white rice, which exceeds the local need by about half a million tons, which leads to a significant decrease in price.

2023-07-11 03:45:00
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