Trade and markets
 

Detail

Area
Egypt
Commodity Group
Rice
Commodity
All
Date
01/09/2012
Policy Category
Production
Policy Instrument
Government procurement, purchasing prices
Description
Allocated a budget of USD 161 million (pounds 1.0 billion) to fund purchase of 500 000 tonnes of paddy from the local market. Prices paid to farmers to be raised to USD 322-330 (pounds 2000–2050) per tonne of paddy.