Mostafa al-Naggari

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Last quote by Mostafa al-Naggari

Farmers don't want to sell because in the previous years they saw that they sold cheaply and then prices increased and they didn't profit. In the free market (the price of rice) is around 2,900 Egyptian pounds ($326.58) and the government is offering 2,400, so there is a huge gap.feedback
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Oct 12 2016 Egypt
Mostafa al-Naggari has most recently been quoted in an article called Strapped for dollars and flooded with rice, Egypt to import more anyway. Mostafa al-Naggari said, “Farmers don't want to sell because in the previous years they saw that they sold cheaply and then prices increased and they didn't profit. In the free market (the price of rice) is around 2,900 Egyptian pounds ($326.58) and the government is offering 2,400, so there is a huge gap.”.
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