Chamber of Grain Industry: Low price of fine-grain white rice in the market

Dr. Ragab Shehata, head of the Rice Division in the Chamber of Grain Industry in the Federation of Egyptian Industries, announced a decrease in the price of rice in the market, as the price of a ton of high-grain barley rice decreased from 10 thousand pounds to 7,500, and broad-grained rice from 10,500 pounds per ton to 7,700 to 7,800, and that As a result of the availability of rice in large quantities in the market, the price of fine-grain white rice decreased to 10.5 pounds per kilo instead of 13 pounds, and the price of wide-grain white rice fell to 11 pounds. And 12 pounds instead of 14 pounds, due to the consumer's reluctance to buy rice at these exaggerated prices. Shehata stressed the availability of rice in the markets and in large quantities, in light of the keenness of the Ministry of Supply and Internal Trade, led by Dr. A ton of rice from abroad to break the monopoly led to a decline in prices in the markets, pointing out that the rice in the country suffices the needs of citizens for long periods, in addition to the fact that the harvest of the crop in the new season will start from next August, which will enhance the strategic stock for long periods. Shehata indicated that the local market did not witness any crises in the shortage of commodities during the Corona pandemic as a result of the success of the Ministry of Supply in providing all food commodities and securing a strategic stock all the time, at a time when major countries witnessed a shortage of food commodities, which confirms that the state The Egyptian government, under the leadership of President Abdel-Fattah El-Sisi, succeeded in securing a strategic stockpile of all basic commodities.