Today, Monday, October 17, 2022, rice prices for wholesale saw a spike in purchasing value in the local market of the merchant; this was accompanied by a shortage of rice, and in light of the changes that occurred on the Egyptian food commodity markets, wholesale prices reached rice in both types, which recorded an increase. The price of white rice increased by 5%, breaking 3% by 500:600 pounds, and rice prices increased with a wide range of pills and a grain of graham.
The dawn website tracks the cost of rice in Egypt right now.
rice and barley price
Today, local markets saw an increase of 200 pounds per tonne in the price of rice “wide pill” barley, increasing the cost to 9,500 pounds per tonne.
Rice prices increased by 300 pounds per tonne from yesterday’s price of 8,900 pounds when it was sold as a “thin pill,” reaching a record high of 9,200 pounds.
Price of white rice
The cost of a tonne of “broad pill, break 3%” municipal white rice increased by 600 pounds, reaching 14,500 pounds.
In addition, the cost of the “wide pill, break 5%” white rice rose, pushing the cost of a tonne up to 14,000 pounds from 13,500 pounds, i.e. e. the difference of 500 pounds from yesterday’s prices.
the cost of rice to consumers
For the consumer, a kilo of rice cost around 17 pounds.
The Chicago Trading Stock Exchange’s rice pricing
On the Chicago Commercial Stock Exchange today, Monday, rice futures prices fluctuated during the opening session. The November decade then stabilised, reaching 16. At the time of this news’s publishing, the kneader cost $735.
whereas the January 2023 decade had a $ 0 reduction. 020, to $ 17. Kantar is worth 755 or 0.
12%
the cost of a tonne of rice right now
Egypt produced 3 million tonnes of rice this year, according to Rajab Shehata, chairman of the Federation of Egyptian Industries’ rice division. 6 million tonnes of white rice were produced, but only 3 to 3 million tonnes were consumed. 5 million tons, but the problem is the rise in raw material for feed, explaining that there is fear of turning Bar barley rice product to feed; Because it is the cheapest raw material during the current period.
Shehata stated during televised statements that 70% of the azar crop had been harvested; however, the Supply Commodities Authority only collected 45,000 tonnes as a result of farmers’ reluctance to supply rice to the commodity body and the disparity in price between the commodity body’s internal market and the external market.
The head of the Federation of Industries’ Rice Division noted that the market was extremely depleted, and people started buying Azhar at any price. As a result, the private sector speculators raised the price of barley rice, which in turn caused the price of white azar to rise above the price set by the Ministry of Supply.
Today, Monday, October 17, 2022, cedar prices in the Egyptian market
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