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Egypt Offers 100,000 Tons of Rice for Export, Mena Says

Oct. 9 (Bloomberg) -- Egypt is offering 100,000 metric tons of rice for shipment in October and November, state-run Middle East News Agency reported, citing Industry and Foreign Trade Minister Hatem Saleh.

The ministry will allow each supplier to export no more than 15,000 tons and shipment offers will be accepted at the ministry between Oct. 10 and Oct. 18, Mena reported, citing Saleh. Rice shipments were allowed to resume on Oct. 1 following a ban set in March 2008.

Egypt’s rice production in 2012 is expected to increase by 4 percent to 5.9 million tons compared with 5.67 million tons last year, according to data on the United Nation’s Food & Agriculture Organization’s website.

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net

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