{"id":12643,"date":"2023-12-24T20:23:00","date_gmt":"2023-12-24T20:23:00","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12643"},"modified":"2023-12-24T22:23:36","modified_gmt":"2023-12-24T22:23:36","slug":"egypts-rice-production-covers-local-consumption-for-nine-months-official","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/egypts-rice-production-covers-local-consumption-for-nine-months-official\/","title":{"rendered":"Egypt&#8217;s rice production covers local consumption for nine months: Official"},"content":{"rendered":"\n<p>Egypt\u2019s rice production can cover local consumption needs for nine months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Chambers of Commerce, said on Saturday.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/41_2023-638390326510379998-37.jpg\" alt=\"\" class=\"wp-image-12644\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/41_2023-638390326510379998-37.jpg 800w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/41_2023-638390326510379998-37-600x400.jpg 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/41_2023-638390326510379998-37-300x200.jpg 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/41_2023-638390326510379998-37-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>\u201cA kilogram of rice is currently priced at EGP 17.5 in the wholesale markets,\u201d Shehata added.<\/p>\n\n\n\n<p>He indicated that fine-grain white rice prices are currently at EGP 17.5 per kilo, while the prices of broad grain rice are currently at EGP 18.5 per kilo.<\/p>\n\n\n\n<p>Meanwhile, the prices of fine-grained white rice vary between EGP 27,000 and EGP 27,500 per ton, while broad grain rice prices range between EGP 29,000 and EGP 29,500 per ton, he noted to the press.<\/p>\n\n\n\n<p>Shehata further expected that rice prices would maintain stability during the upcoming months of 2024 due to availability of huge tons of rice in the markets.<\/p>\n\n\n\n<p>The Egyptian government intensifies efforts to maintain a stable supply of rice in local markets hedging against any crisis, he said.<\/p>\n\n\n\n<p>This development resulted from the country\u2019s intensive strides towards enhancing the supply of basic goods in the market to control increasing prices and boost people\u2019s purchasing power.<\/p>\n\n\n\n<p>Egypt\u2019s rice market was grappling with a severe crisis earlier\u00a0in 2023, with\u00a0prices reaching\u00a0EGP 28 per kilo\u00a0on major retailers\u2019 shelves in February.<\/p>\n\n\n\n<p>In parallel, Egypt has faced significant challenges since the beginning of 2023 in managing rising prices of essential commodities such as\u00a0sugar, rice, onions, and eggs.<\/p>\n\n\n\n<p>These crises have contributed to surging inflation in Egypt during the first nine months of 2023, although the trend began to decelerate in October.<\/p>\n\n\n\n<p>In November,\u00a0Egypt\u2019s annual headline inflation\u00a0decelerated to 36.4 percent, down from 38.5 percent in October, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).<\/p>\n\n\n\n<p>However, commodity prices continue to climb amid supply shortages.<\/p>\n\n\n\n<p>As per CAPMAS data, November prices of food and beverages recorded a 63.9 percent increase compared to November 2022, due to rising prices of meat and poultry, vegetables, and sugar and sugary foods by 81.6 percent, 78.2 percent, and 47.4 percent, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s rice production can cover local consumption needs for nine months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Chambers of Commerce, said on Saturday. \u201cA kilogram of rice is currently priced at EGP 17.5 in the wholesale markets,\u201d Shehata added. He indicated that fine-grain white rice prices are currently at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[393,332,325,320,159],"class_list":["post-12643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-prices","tag-rice-market","tag-white-rice","tag-rice-production","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt&#039;s rice production covers local consumption for nine months: Official - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt&#039;s rice production covers local consumption for nine months: Official - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s rice production can cover local consumption needs for nine months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Chambers of Commerce, said on Saturday. \u201cA kilogram of rice is currently priced at EGP 17.5 in the wholesale markets,\u201d Shehata added. 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