Back to the complete issue
Wednesday, 6 June 2018

Government decides to import rice, suggesting further cuts in local cultivation are coming

Government decides to import rice, suggesting further cuts in local cultivation are coming: The government decided yesterday to import “the necessary quantities” of rice to increase its availability and “control the market,” according to a Cabinet statement. The imported rice will be required to meet the same quality standards as Egyptian rice. No details were provided on how much rice will be imported. The move suggests that Egypt will “begin an import programme since sharply reducing its own production of rice,” of which we typically have a surplus, Reuters notes. The government has clamped down on the cultivation of water-intensive crops, including rice, through recently-passed amendments to the Agriculture Act.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.