Egypt buys 66,500 tons of rice from local market

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Egypt’s General Authority for Supply Commodities (GASC) said on Monday it had bought 66,500 tons of rice from the local market through a tender.

Nomani Nomani, vice chairman of GASC, said in a statement the price range was LE 2,750-2,990 ($481.3-523.3) per ton.

The quantity was due to be supplied to consumers under the subsidy program between Nov. 10-30.

In its latest tender on Oct. 9, GASC bought 79,450 tons of rice from the domestic market at prices between 2,347 and 2,480 pounds per ton.



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