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Bangladesh to buy 250,000 tonnes of rice from Thailand, India

Staff Writer |
Bangladesh is set to import 250,000 tonnes of rice from Thailand and India in intergovernmental deals to shore up depleted stocks of the staple, head of the state grain buyer said.

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Bangladesh, normally the world's fourth-biggest rice producer, has emerged as a major importer of the grain this year after floods damaged its crops and sent domestic prices of the staple to record highs.

"We will buy 150,000 tonnes of parboiled rice from Thailand at $465 a tonne and another 100,000 tonnes from India's PEC at $455 a tonne," Badrul Hasan of the Directorate General of Food, Bangladesh's procurement agency, told Reuters.

The prices agreed include shipping, insurance and discharge costs.

"We have almost finalised all the deals to fulfill our target," said Hasan, adding that the state grains buyer aims to import 1.5 million tonnes of rice in the year to June 2018."

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