Supply Ministry raises local rice buying price EGP 200 per tonne

The Supply Ministry has raised the price at which it is purchasing rice from local farmers for the subsidy system by EGP 200 per tonne to EGP 6,300 per tonne as rice barley prices have been on the rise, Al Borsa reports. Agricultural Exports Council member Mostafa El Nagary expects rice prices to continue rising during the coming period as demand increases in the lead-up to Ramadan.