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Govt approves 1 lakh tonnes of rice import worth Tk446.22 crore

UNB The Advisers Council Committee on Government Purchase (ACCGP) today (22 October) gave approval for the import of a total of 100,000 metric tonnes of rice, including parboiled and Atap varieties, worth about Tk446.22 crore, alongside several key infrastructure and power sector proposals at its meeting. Finance Adviser Dr Salehuddin Ahmed chaired the meeting virtually. […]

Bangladesh issues tender to buy 50,000 tons rice, traders say

Reuters HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of rice, traders said on Monday. The deadline for submission of price offers is November 3. The tender seeks price offers for non-basmati parboiled rice in CIF liner out terms, which involve ship unloading costs for the seller, for […]

Favourable weather, higher acreage boost Aman outlook

Sohel Parvez, S Dilip Roy Farmers have started harvesting Aman season paddy in some northwestern regions amidst expectations of an increase in production, according to agricultural officials citing a year-on-year rise in acreage and favourable weather. Farmers transplanted the rain-fed crop on 59.28 lakh hectares of land, which was 6 percent higher year-on-year, according to […]

ASIA RICE-Thai prices extend slump to 18-year low as demand falters

ASIA-RICE/ (REPEAT):RPT-ASIA RICE-Thai prices extend slump to 18-year low as demand falters. Reuters By Anushree Mukherjee Oct 16 (Reuters) – Thailand’s rice export prices fell for the fifth straight week to an eighteen year low, while Indian prices held near their lowest level in more than nine years this week, as top exporters struggled to […]

Global Rice Prices Take A Tumble, Except In Bangladesh

Plenty of supply and hesitant buyers are dragging down rice prices across Asia, while Bangladesh faces rising costs at home despite a healthy harvest. Finimize Newsroom What’s going on here? Rice prices have dropped to multi-year lows across most of Asia, but Bangladesh is heading in the opposite direction, with local prices rising even after […]

Govt races to import rice to maintain stocks, boost OMS supply

Abul Kashem & Shaikh Abdullah Import of 1 lakh tonne rice ongoing, more by Nov. Highlights: The government is urgently importing 4 lakh tonnes of rice to maintain food stocks and boost open market sales (OMS), as fresh paddy will not arrive before December while floods have hit the north. Food ministry officials said OMS […]

India’s new conditions on rice import will not impact Bangladesh market

Staff Correspondent – Dhaka A large portion of Bangladesh’s rice imports come from India. Recently, India imposed new conditions on its rice exports. However, these changes have not yet affected the Bangladesh market. Officials of the food directorate say that in addition to having sufficient stock, global rice prices have fallen and there are alternative […]

Increased supply of Indian rice cuts wholesale prices by Tk300

Md Masud Retail prices remain largely unchanged, frustrating consumers. Highlights: The price of rice in the country’s markets has started to decline. Over the past two weeks, the wholesale price of almost all varieties of rice has fallen by up to Tk300 per bag. Traders attribute the price drop to an increased supply following a […]

Indian exporter secures interim Bangladesh government’s first 50,000 ton rice import tender

Synopsis: An Indian firm, Bagadiya Brothers Pvt Ltd, has won a significant international rice import tender from Bangladesh. The company will supply 50,000 tonnes of rice. This marks the first such tender awarded directly by Bangladesh’s interim government. More tenders are expected, benefiting Indian rice exporters, especially from West Bengal. This development boosts demand and […]