Bangladesh imports rice from Vietnam and India to replenish reserves

  • 30-Aug-2022
  • Bangladesh imports rice from Vietnam and India to replenish reserves

DHAKA: Bangladesh is signing a new agreement with Vietnam and India. 

Bangladesh is finalizing proposals with Vietnam and India to import a complete 330,000 tonnes of rice because it races to replenish reserves and funky home costs, two officers with direct data of the matter noted on Monday. 

Increasing basic grain prices for the country’s 165 million residents pose a concern for the government, which plans to grow sales of low-priced rice to help those hard hit by high costs.

The south Asian country will purchase 100,000 tonnes of parboiled rice from an Indian public sector firm and 200,000 tonnes of parboiled rice and 30,000 tonnes of white rice from Vietnam, the government officials expressed.

The price for Vietnam’s parboiled rice will be $521 per ton and for white rice at $494 per tonne, officials stated the situation of anonymity as the deals have not been made public.

The price for rice from neighbouring India will be $443.50 per tonne via seaports and $428.50 per tonne via railways, the officials stated. All the prices contained freight, insurance, and unloading costs, they expressed.

“Preparations are underway to sign the deals soon,” one of the officers said, adding that the rice would be delivered within two to three months of signing.

Also, Bangladesh’s government talks with Myanmar to import rice, officials said, putting aside a rift over the Rohingya refugee concern.

Bangladesh this week slashed import obligation on rice to fifteen% from 25%, slicing it for the second time since July in a bid to spice up non-public imports.

Its non-public rice import plan, nonetheless, faces a setback with solely 36,000 tonnes purchased since July, after the federal government allowed non-public merchants to import practically 1 million tonnes of the staple grain after slashing obligation to 25.0% from 62.5%.

Bangladesh, traditionally the third enormous rice producer in the world with about 35 million tons annually, uses almost all of its production to feed its people. Imports are often still required to compensate for shortages caused by floods or droughts. Acquire more information about Bangladesh Import Data

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