{"id":645195,"date":"2017-07-13T04:17:10","date_gmt":"2017-07-13T04:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-set-regulations-to-keep-rice-prices-from-soaring-too-high-in-upcoming-season\/"},"modified":"2017-07-13T04:17:10","modified_gmt":"2017-07-13T04:17:10","slug":"supply-ministry-to-set-regulations-to-keep-rice-prices-from-soaring-too-high-in-upcoming-season","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-set-regulations-to-keep-rice-prices-from-soaring-too-high-in-upcoming-season\/","title":{"rendered":"Supply Ministry to set regulations to keep rice prices from soaring too high in upcoming season"},"content":{"rendered":"

The Supply Ministry will be setting strict regulations to keep the price of rice from soaring too high during the upcoming marketing season, sources with knowledge of the matter tell Al Shorouk<\/a>. The remarks come in response to a statement on Tuesday<\/a> saying that rice prices will be liberalized and left up to market forces next season. The Supply Ministry will be calculating the costs of production and agreeing on a fair profit margin range for businesses. The ministry will also be setting an adequate price to purchase rice from farmers that factors in all the costs entailed. Minister Ali El Moselhy had said that Egypt plans to double its rice production this year to 6.5 mn tonnes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Supply Ministry will be setting strict regulations to keep the price of rice from soaring too high during the upcoming marketing season, sources with knowledge of the matter tell Al Shorouk. The remarks come in response to a statement on Tuesday saying that rice prices will be liberalized and left up to market forces […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645195","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6f7bdab7-9878-480e-96c0-0bcb98a42c94","order":"0","is_powered_by":true,"section_story_id":"88dd9d60-a9c2-43de-a947-813afe64e73c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645163],"teaser":"","voice_url":""},"yoast_head":"\nSupply Ministry to set regulations to keep rice prices from soaring too high in upcoming season - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-set-regulations-to-keep-rice-prices-from-soaring-too-high-in-upcoming-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Ministry to set regulations to keep rice prices from soaring too high in upcoming season\" \/>\n<meta property=\"og:description\" content=\"The Supply Ministry will be setting strict regulations to keep the price of rice from soaring too high during the upcoming marketing season, sources with knowledge of the matter tell Al Shorouk. 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Agricultural Exports Council member Mostafa El Nagary expects\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645662,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/rice-export-ban-drives-down-prices\/","url_meta":{"origin":645195,"position":3},"title":"Rice export ban drives down prices","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"Rice prices dropped EGP 600 to EGP 3,900 per tonne due to the ban on rice exports currently in place, a Supply Ministry source tells Al Shorouk. The ban, in combination with efforts to curb smuggling, has increased rice supply in the market, driving down prices, according to the source.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622185,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-tender\/","url_meta":{"origin":645195,"position":4},"title":"Supply Ministry indefinitely postpones settling int\u2019l rice tender","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) has indefinitely postponed selecting a winning bid in its international tender for rice due to high prices, a government source tells Al Masry Al Youm. With prices for Chinese and Vietnamese rice ranging from USD 419.7-444 per tonne, the government is now looking\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649016,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/supply-ministry-lowers-the-price-of-indian-rice-to-dispose-of-its-stock\/","url_meta":{"origin":645195,"position":5},"title":"Supply Ministry lowers the price of Indian rice to dispose of its stock","author":"enterpriseam admin","date":"19 April 2017","format":false,"excerpt":"The Supply Ministry has lowered the wholesale price of subsidized Indian rice to EGP 5.50 from EGP 6.50. 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