{"id":649732,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"supply-minister-reaches-agreement-to-buy-rice-from-private-mills","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/","title":{"rendered":"Supply Minister reaches agreement to buy rice from private mills"},"content":{"rendered":"

The government has reached an agreement with private rice mills to produce white rice, Reuters<\/a> reports. The agreement, which could end a standoff over the buying price of rice, has the Supply Ministry paying private mills EGP 6.3 per kg or white rice, which the government would then sell for EGP 6.5 per kg in its outlets. Farmers last year refused to sell government mills their crops despite a plentiful harvest, arguing that the buying price was too low. The new agreement means that private mills will instead buy up the paddy at the current market price of about EGP 4,200 before selling it on to the government, Reuters explains. However, the newswire warns that \u201cany subsequent jump in the local paddy price, however, could make the recently struck [agreement] untenable given the tight profit margin agreed to by the private mills under the new deal.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The government has reached an agreement with private rice mills to produce white rice, Reuters reports. The agreement, which could end a standoff over the buying price of rice, has the Supply Ministry paying private mills EGP 6.3 per kg or white rice, which the government would then sell for EGP 6.5 per kg in […]<\/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-649732","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"aa7c0f7a-4cef-44fb-a85d-d451655b7971","order":"0","is_powered_by":true,"section_story_id":"f33b38c6-dfda-4f3b-8820-b183b18f2d5f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"teaser":"","voice_url":""},"yoast_head":"\nSupply Minister reaches agreement to buy rice from private mills - 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\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Minister reaches agreement to buy rice from private mills\" \/>\n<meta property=\"og:description\" content=\"The government has reached an agreement with private rice mills to produce white rice, Reuters reports. The agreement, which could end a standoff over the buying price of rice, has the Supply Ministry paying private mills EGP 6.3 per kg or white rice, which the government would then sell for EGP 6.5 per kg in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T04:38:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Supply Minister reaches agreement to buy rice from private mills\",\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-reaches-agreement-to-buy-rice-from-private-mills\/\",\"name\":\"Supply Minister reaches agreement to buy rice from private mills - 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The new regulations, which will come into effect at the start of the harvest season next month, aim to allow the ministry\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":549404,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/egypt-lifts-ban-on-exports-of-food-staples\/","url_meta":{"origin":649732,"position":1},"title":"Egypt lifts ban on exports of food staples","author":"enterpriseam admin","date":"15 September 2022","format":false,"excerpt":"Exports of food staples are back on the menu: The Madbouly government has lifted a ban on the export of food staples that it had introduced earlier this year in response to the global food crisis triggered by the war in Ukraine, Reuters reports, citing a Trade Ministry document. 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It\u2019s not yet clear how much the Egyptian government is seeking to purchase.","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":631133,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/supply-ministry-raises-local-rice-buying-price-egp-200-per-tonne\/","url_meta":{"origin":649732,"position":3},"title":"Supply Ministry raises local rice buying price EGP 200 per tonne","author":"enterpriseam admin","date":"11 March 2018","format":false,"excerpt":"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\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":650267,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/gasc-begins-buying-rice-from-traders-at-egp-6300-per-tonne\/","url_meta":{"origin":649732,"position":4},"title":"GASC begins buying rice from traders at EGP 6,300 per tonne","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) has begun buying rice from traders at EGP 6,300 per tonne for a four-month period, the Supply Ministry said yesterday, Al Masry Al Youm reports. The ministry will put the subsidized rice on offer at EGP 6.5 per kg next month.","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":638868,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/16\/farmers-are-refusing-to-sell-their-rice-harvests-to-the-government-due-to-low-prices-says-syndicate-head\/","url_meta":{"origin":649732,"position":5},"title":"Farmers are refusing to sell their rice harvests to the government due to low prices, says syndicate head","author":"enterpriseam admin","date":"16 October 2017","format":false,"excerpt":"Farmers are selling their rice on the open market because the government is offering them prices that are too low, Farmers\u2019 Syndicate head Hussein Abdel Rahman said, Al Mal reports. 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