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Egypt has contracted to import 20,000 tonnes of Indian rice

The Egypt government did not explain why it had contracted to buy the rice

Reuters  |  Cairo 

Egypt, traditionally a rice exporter, has contracted to purchase 20,000 tonnes of Indian rice, a cabinet statement said on Wednesday. The Egypt government statement did not explain why it had contracted to buy the rice. But in December, the government had said it would import rice after cancelling a tender to buy locally produced rice when the bidding companies all offered higher prices than the government had asked for. Egypt's 2016 rice paddy production is estimated at 5.1 million metric tonnes versus annual consumption of about 3.95 million tonnes, a United States ...

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First Published: Wed, May 03 2017. 23:44 IST
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