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The Decline in Rice Prices: Reasons and Impact on the Market

Written by Mohamed Sharkawy Saturday, September 02, 2023 07:04 PM Ragab Shehata, Head of Division, revealed the rice The Chamber of Grain Industry of the Federation of Industries discussed the reasons for the decline in rice prices in the markets during the current period, commenting: “The decline is due to the harvest season during the past month.”

Ragab Shehata said, during a telephone conversation with the media, Azza Mostafa, on the “Tahrir Hall” program broadcast on Sada Al-Balad channel, that the price of a ton of barley rice has now decreased to 11 thousand pounds, to drop more than 1000 pounds within a week.

And he continued, “The price of a kilo of broad rice is 22 pounds as a maximum, and the price of a kilo of fine rice is 19 pounds,” noting that the prices of the price decline will be through sales outlets during the next week, explaining that in mid-September, the rice crop will be collected from farmers.

2023-09-02 16:04:00
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