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Egypt Lifts Rice Export Ban

04 October 2012
USDA Foreign Agricultural Service

EGYPT - Egypt lifted the rice export ban as of October 1, 2012, but there will be a $162/MT export tax and export permits will be allocated by tender.

Rice production is clearly sufficient to cover domestic market requirements and permit exports.

There were substantial contraband exports in MY 2011/2012 and Post expects legitimate exports to reach 850 TMT in 2012/13.

Post estimates paddy production of 6.8 MMT, although estimates of as high as 8.5 MMT are circulating in the trade and government.

Egyptian traders will seek to recapture their former position as a major exporter of medium-grain rice, but face new competition and uncertain markets.

Prior to the March 2008 export ban, Egypt exported 1.2 MMT in MY 2006/07. US- origin rice exports to the Middle East – North Africa (MENA) region have benefited from Egypt’s withdrawal from the market and will now face vastly increased competition.

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