Due to Egyptians’ interest in the rice crop, who view it as a key food source, and the prices of rice experiencing a new breakthrough, register a decline for white rice and barley. Cedar prices have been on the rise recently, according to worldwide search engines “Goal”.
White rice’s price dropped by 5% and 3%, or 900–1100 pounds per tonne, while barley rice’s price dropped by broad and pill, or 400–500 pounds per tonne, or a bean.
Today’s prices for rice, barley, and pills are 500 pounds, recording a ton’s cost of 9, 900 pounds.
When compared to yesterday’s price of 10. 100 pounds, or 400 pounds per tonne, the price of rice declined along with the price of high-pill barley, recording at 9. 700 pounds per tonne.
The cost of a tonne of wide municipal white rice decreased by 3%, or 900 pounds, to $15,700.
The cost of a tonne of extremely white municipal rice also dropped by 5%, going from 16.200 pounds to 15.100 pounds—a fall of 1100 pounds from yesterday’s pricing.
For the consumer, a kilo of rice cost 14 pounds.
On the Chicago Commercial Stock Exchange, rice futures fluctuated at the start of morning trading as the November decade recovered at $ 17. 310 for a knear, by a rise of $ 0. 125, or 0.
73%, with a record knead price of $16.695 as of January 2023.
On the global level, the prices of rice futures on the Chicago Commercial Stock Exchange witnessed a variation at the beginning of the morning trading today, as November futures for rice circulation increased by 0. 73%, while the contracts of January 2023 stabilized.
Due to the lack of supply in the markets and the rising demand for rice during the recent period, the price of rice increased in many governorates. This prompted the government to step in and prevent the crime of rice monopoly by addressing the violations of some merchants and increasing the supply of rice in the market at reasonable prices.
In order to meet the needs of the citizens in terms of the rice commodity as well as pumping basic commodities, meat products, and frozen poultry, the Ministry of Supply and Internal Trade started to increase the rates of pumping white rice in the outlets of consumer complexes and branches of the Ministry in the various governorates.
To fill the citizens’ need for this crucial strategic good, the Ministry was eager to introduce a fleet of mobile cars in the major squares of Greater Cairo and several governorates; To offer opulent white rice to citizens at a discounted price without being constrained by the catering card; To satisfy the citizens’ need for this good at a price of 12 pounds per kilo and 15 pounds per package.
Important. Rice prices are falling by 1100 pounds today, November 7, 2022.
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