Egypt's strategic rice reserves enough to last until April

CAIRO – 23 February 2018: Minister of Supply Ali Moselhi said Thursday that Egypt’s strategic rice reserves are enough to last until the end of April.

The minister added in an official statement that the ministry agreed to double the quantities of rice the government purchases from local suppliers.

The statement pointed out that the price of rice will be LE 6,100 Egyptian pounds ($345) per ton.

Egypt increased its production of rice last year and worked on increasing its strategic rice reserves.

In December, Supply Ministry spokesman Mamdouh Ramadan said that Egypt has enough locally produced rice to feed demand for the next 12 months.