Financial Times FT.com

Middle East & North Africa - Economy

Oman to build two-year rice stockpile

By Simeon Kerr in Dubai

Published: May 4 2008 16:47 | Last updated: May 4 2008 16:47

Oman is to buy 200,000 tons of rice, enough to build a two-year stockpile, as the Gulf state seeks to ease the inflationary burden on its population.

Makboul bin Ali bin Sultan, the commerce and industry minister, said the Gulf state would also buy 50,000 tons of wheat, Reuters reported, citing the Oman News Agency.

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