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August 19, 2008
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Tuesday
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Sha'aban 16, 1429
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MEP on rice may go
SINGAPORE, Aug 18: Pakistan is likely to remove a minimum export price (MEP) of $750 per ton imposed on non-basmati rice to boost overseas sales after forecasts of a bumper harvest, a top industry official said on Monday.
“We are expecting the minimum export price on Irri 6 to be removed,” said Abdul Baseer, vice chairman of Pakistan Rice Exporters Association of Pakistan. “We are hopeful that a notification will come within this week.”—Reuters
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