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AMIS Market Monitor

last release: October 2018

Policy Developments

  • The Government of Egypt has set new procurement prices for rice at EGY 4400 to EGY 4 700 (USD 245.6 to USD 262.3) per tonne and has announced that only 820 000 feddans (340 000 hectares) will be allowed for rice cultivation, compared to 1 000 000 feddans last year. 
  • On 16 September, the Ministry of Agriculture from the Republic of Korea announced market price support to rice farmers worth KRW 717 billion (USD 640 million) in 2018. The subsidy would cover the difference between the target rice price and the actual market price.