Rice prices falling, no need for imports

Egypt is reaching self-sustainability in rice production, the head of the rice section at the chamber of commerce said, according to Ahram Gate. Egypt no longer requires additional imports, he says, noting that domestic prices have already started falling to EGP 7.5 per kg from EGP 8.5 per kg previously. Global prices are also falling, he added, something which the Federation of Egyptian Industries disputes, according to Youm7.