No increase in rice prices at gov’t outlets: Supply Min.

CAIRO – 20 January 2018: The Supply Ministry has denied any increase in the price of rice at government outlets following claims by some traders that rice prices increased by LE 200 per ton, the cabinet’s Information and Decision Support Center (IDSC) said Saturday.

The ministry said that there was no increase in the price of rice at any government outlet across Egypt, saying that the price is stable at LE 6.5 per kilogram.

It added that it supplies around 50,000 tons of rice a month to the General Authority for Supply Commodities (GASC) at a price of LE 6,100 per ton.

The ministry further said that strategic reserves of rice are at a safe level and that it follows up on the governorates’ needs of food staples and pumps enough quantities of goods to meet local demand.

Egypt increased its production of rice last year and worked on increasing its strategic rice reserves.
In December, Supply Ministry spokesman Mamdouh Ramadan said that Egypt has enough locally produced rice to feed demand for the next 12 months.