The cost of white rice has decreased by “breaking 5% – breaking 3%” as of today, Tuesday, April 10, 2022, although the price of both types of barley rice, “fine grain and broad grain,” has remained stable. 25,000 tonnes of rice barley have reportedly already been delivered to farmers, despite the fact that the price of rice dropped by 300 pounds per tonne yesterday, according to Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade.
The goal is to provide 1.5 million tonnes for the account, according to Ahmed Kamal, the official spokesman and assistant minister, who noted that the total area planted with rice barley this year is 1. 5 million feddans and that the productivity of each feddan is 4 tonnes of rice barley with a total productivity of 6 million tonnes of barley rice. At a tonne of barley rice per acre planted, the Supply Commodities Authority accounted for 25% of the overall production.
Barley rice wholesale costs
Barley rice “broad grain” prices stabilised today, reaching a record 8,600 pounds.
To keep track of the cost of a tonne weighing 8,300 pounds, the prices of “fine grain” barley rice were determined.
Rice, White
Prices for “broad grain, broken 3%” municipal white rice decreased by 200 pounds per tonne to a new low of 13,300 pounds.
The price of municipal white rice, “fine grain broken by 5%,” dropped from yesterday’s price of 12,800 pounds to 12,500 pounds per tonne, a fall of 300 pounds.
the cost to the consumer of rice
For the consumer, a kilo of rice cost 16 pounds.
The Chicago Mercantile Exchange’s rice price
At the time of writing, the November contract for rice was trading at $16,935 a quintal on the Chicago Mercantile Exchange, with prices for rice futures fluctuating during early morning trading.
The January 2023 contract increased by $0. 015 to a record $17. 280 per quintal.
It is notable that Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, revealed that the supply of roughly 25,000 tonnes of barley rice from farmers during the previous time had been completed.
The target value is one and a half million for the benefit of the Supply Commodities Authority by 25% of the total production, equivalent to a tonne of barley rice for each acre planted, knowing that the total area that was cultivated with barley rice during the current year 2022 has reached 1.5 million acres, while the productivity of an acre of barley rice is 4 tonnes, and the total productivity is about 6 million tonnes.
Low prices for white rice, and farmers’ supplies of barley are still being provided by “Supply”
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