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Egypt's Trade ministry lifts ban on rice exports

Egypt's Ministry of Trade and Industry has lifted a ban on rice exports due to an expected surplus of the staple and will impose an export tariff of 2,000 Egyptian pounds ($255.43) a tonne, it said on Sunday.

The ruling will come into effect from the date it is published in the official gazette and remain in place for six months, the ministry said in a statement. It did not give a publication date. Rice exports were banned on September 1, to satisfy domestic consumption.

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