RI to buy rice from Egypt

Tue, 15 Dec 1998, 00:00 WIB | Source: JP

JAKARTA (JP): Indonesia will buy 400,000 metric tons of rice
from Egypt through soft loans from the Jeddah-based Islamic
Development Bank (IDB), the Indonesian Embassy in Cairo said on
Monday.

The embassy's commercial attach Husin Bagis told Antara news
agency that the memorandum of understanding on the rice import
would be signed by Minister of Industry and Trade Rahardi Ramelan
during his three-day visit to Cairo which started Monday.

Rahardi, who is also the chairman of the State Logistics
Agency (Bulog), is scheduled to meet Egyptian economic minister
Yossef Boutron Ghali and others top economic officials during his
visit, Husin said.

Last month, Rahardi said Indonesia planned to buy between
400,000 and 500,000 tons of rice from Egypt and Pakistan through
US$190 million in IDB soft loans. (gis)

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