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مصراوي
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Source: مصراوي
1 Dayمصراوي
Source: مصراوي
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The rice market in Egypt has experienced a significant increase in prices, despite expectations that this season's production will rise to 8 million tons, representing an approximate increase of 6.7% compared to the previous season. Over the past week, the price per ton of uncooked long-grain rice has risen by about 1,000 Egyptian pounds to reach 14,000 pounds, while the price of white long-grain rice has increased to 23,000 pounds per ton. Traders attribute the rise to some farmers and middlemen withholding portions of the crop in anticipation of higher prices, as well as increased purchases by major companies. This is further complicated by the continued weak harvests of some cultivated areas and the impact of agricultural setbacks on product quality. Experts affirm that the market is still governed by supply and demand and emphasize the need to activate monitoring of transactions to prevent monopolies. The expected production is around 4.2 million tons of white rice, with country reserves anticipated to rise to 671,000 tons.
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