The Ministry Of Supply: A Decision to Regulate Trading Of Local Rice Barley

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Wednesday - 24 August 2022 - 2:29 PM

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The Minister of Supply and Internal Trade, Dr. Ali Al-Moselhi, issued Resolution No. 109 of 2022 to regulate the process of trading and dealing on local barley rice for this season, and the decision stated that the season of providing local rice barley will start on August 25 and last through December 15th. This resolution regulated the process of trading and dealing on local barley rice.

 

 

In a meeting with the Supreme Committee for Rice, which is made up of representatives from the Supply Commodities Authority, the Holding Company for Silos, the Holding Company for Food Industries, the Control and Distribution Sector, the Egyptian Agricultural Bank, the Supply Investigations, the Chamber of Grain Industry, and the Rice Division, Minister of Supply and Internal Trade Dr. Ali Al-Moselhi emphasised the preparation of more than 150 rice varieties. He reaffirmed the duty to provide one tonne of barley rice for every cultivated acre, which is equal to 25% of the acre's production, for the account of the Supply Commodities Authority, with a total objective of 1.5 million tonnes of barley rice during the supply season this year. This requirement supports the ministry's policy to improve food security by ensuring the needs of ration cards are met from this vital commodity and attaining self-sufficiency in the rice commodity.

  

 

According to Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, the rates set for the supply this year are extremely lucrative and bear a decent and fair profit margin for farmers at 6600 pounds per tonne of fine-grain rice and 6850 pounds per tonne of broad-grain rice, suggesting that the suppliers' dues will be paid within a maximum of 48 hours. The receipt emphasises that if delivery is skipped, the farmer would be penalised by being prohibited from planting rice the next year as well as receiving subsidised fertilisers and agricultural pesticides for a whole year for all sorts of crops. In addition, whoever fails to deliver the required quantities will be charged.