Rice, a staple food in Egypt, has seen its prices decline in local markets on Saturday, September 26, 2026. The drop in prices is attributed to the increase in supply and the entry of the new crop into the market. Egyptians closely monitor rice prices due to its importance in their daily lives. The country's rice consumption is high, driven by its ease of preparation, versatility, and affordability.
According to Raghb Shhatta, head of the Rice Division at the Grain Industry Chamber of the Egyptian Federation of Industries, rice prices have decreased significantly in the local market. He stated that the increase in the quantity of rice supplied to the market and the entry of the new crop have led to the decline in prices. Shhatta also noted that prices vary depending on the type and quality of rice, as well as the place of sale.
The price of rice has decreased, with the price of a ton of long-grain rice dropping to 15.5 thousand pounds, and the price of a ton of short-grain rice falling to 13.5 thousand pounds. These prices are lower than the previous prices of 16 thousand pounds and 14.5 thousand pounds, respectively. Shhatta attributed the price drop to the entry of the new crop into the market.
Egypt's rice production for the current season is estimated to be between 6.5 and 7 million tons of rice grain, which translates to around 4.5 million tons of white rice after processing. The country's domestic consumption of rice is approximately 3.6 million tons per year. Shhatta stated that Egypt enjoys self-sufficiency in rice, with local production meeting the needs of the market.
The stability in rice prices is also attributed to the balance between supply and demand. The government's efforts to ensure a stable supply of rice have contributed to the current market situation. Shhatta noted that the rice market in Egypt is characterized by a high level of competition, which helps to maintain fair prices.
The decline in rice prices is expected to benefit consumers, who have been closely monitoring the market. The decrease in prices is also likely to boost demand for rice, which is a staple food in Egypt. The country's rice industry is a significant sector, employing thousands of people and contributing to the country's economy.
In conclusion, the decline in rice prices in Egypt's local markets is a welcome relief for consumers. The increase in supply and the entry of the new crop have led to the decrease in prices. Egypt's self-sufficiency in rice has helped maintain stable prices, and the government's efforts to ensure a stable supply have contributed to the current market situation.
Key points
- Egypt's rice production for the current season is estimated to be between 6.5 and 7 million tons of rice grain.
- The price of a ton of long-grain rice has dropped to 15.5 thousand pounds.
- Egypt enjoys self-sufficiency in rice, with local production meeting the needs of the market.
