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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Egypt to export 400,000 T to 600,000 T rice this season
Egypt will export 400,000 to 600,000 tons of rice in the current season depending on supply and demand, Trade Minister Rachid Mohamed Rachid said on Tuesday.
Rachid said lat week the country would cap its rice exports at 100,000 tons per month, with each license in a closed envelope bidding process limited to 34,000 tons. The rice season in Egypt begins in late August or early September.
"We are talking about a quantity of around 400,000 to 600,000 (tons), depending on supply and demand," said Rachid, who was speaking at the opening of a supermarket chain. --Reuters
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