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According to the latest FAO forecast on 8 November 2024, rice production in 2024/25 is lower than the October 2024 forecast due to downward revisions for Bangladesh, Mali and Nepal, partially offset by increased production in Egypt, Nigeria and Thailand.

Al Mal learned from responsible sources in the Chamber of Grains that rice prices in Egypt have increased by EGP 500 per ton of barley rice, with stable demand for the strategic commodity. The sources said that a ton of broad barley rice rose from EGP 16,000 to EGP 16,500 in the mills during the current week. The sources explained to Al Mal that the prices of fine-grain barley rice recorded EGP 15,500 per ton, an increase of EGP 500 as well. He pointed out that the price of white rice ranges between EGP 25,000 and EGP 29,000 per ton in the markets, depending on the type of grain and the percentage of breakage. He explained that the rice harvest season is coming to an end and may end early next November. The Ministry of Supply is offering large quantities of rice in the markets through exhibitions held and its affiliated entities, in addition to importing quantities from abroad to offer them in the markets. The government has designated an area of about 725 thousand acres for rice cultivation with Nile water during the current season, in addition to about 350 thousand acres to be cultivated with dry varieties and treated agricultural drainage water, and it prohibits cultivation in areas other than those authorized.

Written by - Dina Khaled: Ragab Shehata, head of the Rice Division at the Chamber of Grain Industry at the Federation of Industries, said that the prices of white rice witnessed a slight decrease in the price per ton in the wholesale market by a value ranging between 500 and 1000 pounds, depending on the type. Shehata added to Masrawy that the price of a ton of fine-grain barley rice decreased to between 13.5 and 15 thousand pounds, compared to 14 and 15.5 thousand pounds before the decrease, and a ton of broad-grain barley rice decreased to 16 thousand pounds, compared to 16.5 pounds, before the decrease, a decrease of 500 pounds per ton. Shehata explained that a ton of fine-grain white rice decreased to a price ranging between 22 and 24 thousand pounds per ton, compared to a price ranging between 23 and 25 thousand pounds per ton, a decrease of 1 thousand pounds per ton. Shehata pointed out that the price of a ton of white, broad-grain rice fell to between 24 and 26 thousand pounds per ton, compared to a price ranging between 24.5 and 26.5 thousand pounds per ton, a decrease of 500 pounds per ton. Shehata attributed the decrease in prices to the abundance of rice supply, especially since we are in the harvest season. The rice planting season in Egypt, especially in the Delta and Lower Egypt governorates, begins in May of each year, while the crop is harvested from mid-August until the end of October. The average consumption is estimated at