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Elham AbolFateh

Business

Supply Ministry denies increase in rice prices

Saturday 20/January/2018 - 07:29 PM
Sada El Balad
Hassanein Tayea
The Ministry of Supply and Internal Trade denied any increase in rice prices at government outlets and consumer complexes following claims by some traders that rice prices increased by EGP 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 EGP 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 EGP 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.
The ministry pointed out that there are inspection campaigns at all outlets to follow up the prices of goods to avoid manipulations of traders.

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