Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice

[bluesky]

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday. Soaring prices of the staple grain for the country's 165 million people po

thefinancialexpress.com.bd

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice​

Published: August 29, 2022 20:28:50 | Updated: August 30, 2022 09:25:08

---

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday.

Soaring prices of the staple grain for the country's 165 million people pose a problem for the government, which plans to expand cut-price rice sales to help people hard-hit by high costs, reports Reuters.

The south Asian country will buy 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 said.

The price for the parboiled rice from Vietnam will be $521 a tonne and white rice $494 a tonne, said the officials, speaking on condition of anonymity because 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 said. All the prices included freight, insurance and unloading costs, they said.

"Preparations are underway to sign the deals soon," one of the officials said, adding the rice would be delivered within two to three months after the signing.

The Bangladesh government is also holding talks with Myanmar to import rice, the officials said, putting aside a rift over the Rohingya refugee crisis.

Bangladesh this week slashed import duty on rice to 15 per cent from 25 per cent, cutting it for the second time since July in a bid to boost private imports.

Its private rice import plan, however, faces a setback with only 36,000 tonnes bought since July, after the government allowed private traders to import nearly 1 million tonnes of the staple grain after slashing duty to 25.0 per cent from 62.5 per cent.

The government will begin selling rice at a cheaper rate for 5 million poor families and expand such sales from September, in an effort to rein in surging domestic prices, which saw yet another uptick after it hiked domestic oil prices early this month.

Bangladesh, traditionally the world’s third-biggest rice producer with around 35 million tonnes annually, uses almost all its production to feed its people. It still often requires imports to cope with shortages caused by floods or droughts.

 

[Abu Shaleh Rumi]

Food self sufficiency is very important. We have to produce more...

 

[BananaRepublicUK]

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday. Soaring prices of the staple grain for the country's 165 million people po

thefinancialexpress.com.bd

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice​

Published: August 29, 2022 20:28:50 | Updated: August 30, 2022 09:25:08

---

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday.

Soaring prices of the staple grain for the country's 165 million people pose a problem for the government, which plans to expand cut-price rice sales to help people hard-hit by high costs, reports Reuters.

The south Asian country will buy 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 said.

The price for the parboiled rice from Vietnam will be $521 a tonne and white rice $494 a tonne, said the officials, speaking on condition of anonymity because 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 said. All the prices included freight, insurance and unloading costs, they said.

"Preparations are underway to sign the deals soon," one of the officials said, adding the rice would be delivered within two to three months after the signing.

The Bangladesh government is also holding talks with Myanmar to import rice, the officials said, putting aside a rift over the Rohingya refugee crisis.

Bangladesh this week slashed import duty on rice to 15 per cent from 25 per cent, cutting it for the second time since July in a bid to boost private imports.

Its private rice import plan, however, faces a setback with only 36,000 tonnes bought since July, after the government allowed private traders to import nearly 1 million tonnes of the staple grain after slashing duty to 25.0 per cent from 62.5 per cent.

The government will begin selling rice at a cheaper rate for 5 million poor families and expand such sales from September, in an effort to rein in surging domestic prices, which saw yet another uptick after it hiked domestic oil prices early this month.

Bangladesh, traditionally the world’s third-biggest rice producer with around 35 million tonnes annually, uses almost all its production to feed its people. It still often requires imports to cope with shortages caused by floods or droughts.

Bangladeshis eat too much rice.

Even the “middle class” is backward - eating rice at lunch!

With so much green vegetables - these idiots should learn to make salads!!!

It’s absolutely disgusting and backward to eat rice at lunch time!

 

[Abu Shaleh Rumi]

Bangladeshis eat too much rice.

Even the “middle class” is backward - eating rice at lunch!

With so much green vegetables - these idiots should learn to make salads!!!

It’s absolutely disgusting and backward to eat rice at lunch time!

We should have a Directorate of Diet Planning. It is important like family planning...

 

[BananaRepublicUK]

We should have a Directorate of Diet Planning. It is important like family planning...

Yep! Rice is unbelievably bad for your health.

Even once a day is bad.

Bangladeshis have a very limited and poor diet.

They need to broaden their diet.

Less oil, less curry and less imported onions. AND LESS SALT!!

 

[Destranator]

Bangladeshis eat too much rice.

Even the “middle class” is backward - eating rice at lunch!

With so much green vegetables - these idiots should learn to make salads!!!

It’s absolutely disgusting and backward to eat rice at lunch time!

I keep screaming about poor BD diet but the main issue is lack of cold storage facilities for veggies - we do not have enough preservation facilities to help store, distribute and supply veggies throughout the country as a rice replacement.

 

[fallstuff]

Thought the nation was self-sufficient in rice production.
Sylhet flood affected rice production or harvest ?

 

[Indos]

Being able to struck a deal at that amount is quite good if BD suffers from rice production deficit. China and Saudi Arabia have asked Indonesian rice but as far as I know our President reject the request due to his worry as rice trade is quite tight currently, we want to save our own demand first despite already having some million rice surplus stored in our state owned company that is responsible to secure our domestic need in agriculture product (BULOG)

Thought the nation was self-sufficient in rice production.
Sylhet flood affected rice production or harvest ?

Yup, I believe it is due to recent flood in BD

 

[mb444]

Thought the nation was self-sufficient in rice production.
Sylhet flood affected rice production or harvest ?

BD is self sufficient in rice, however we do not grow enough to build or maintain reserves for emergencies.

Sylhet floods undoubtedly have impacted production. Good news is after flooding bumper harvest follows 3 months later.

Purchase of rice from elsewhere is normal and a regular thing for BD. We must increase yeild to stop this situation continuing.

 

[bluesky]

Food self sufficiency is very important. We have to produce more...

Reading many posts by our countrymen in this forum, I started to think BD has become self-sufficient in all major staple food items except wheat.

Now, I find it imports onions and also rice from foreign countries and the quantity of rice imports is quite huge.

We consume too high a quantity of rice per person. Look at the belly of any BD man or woman. It is too large. However, we eat 170kg of rice per year per person may also be because protein food intakes are low.

This low protein intake is compensated by a huge intake of rice. It proves BD does not produce the types of food necessary to keep the body in good shape with enough physical energy.

 

[Wood]

Long Live India - Bangladesh friendship!

 

[bluesky]

I keep screaming about poor BD diet but the main issue is lack of cold storage facilities for veggies - we do not have enough preservation facilities to help store, distribute and supply veggies throughout the country as a rice replacement.

Thanks for the input. BD lacks all kinds of refrigeration facilities and when I say about this most of you guys will suggest these facilities should be bought from China or Singapore.

BD private factories must produce them with govt support.

Here, in Japan, I see many very large Wholesale Markets. The shops there are owned by private people. Their vegetables are preserved in very large normal fridges.

The fridges are owned and operated by another group of private companies whose workers take in the goods, register them and bring them out when a shop owner wants to. All for money.

These large fridges are fitted with multi-level racks, pallets, and forklifts and passages for the forklifts to move around. Everything is built under the local govt rules.

The temperature is kept somewhere between +4 to +6 degrees C.

For meat and fish it is always below - 18 degrees C. My small company's Deep Fridge can contain about 8 tons of meat and fish items. The machine automatically stops when the temperature reaches about - 22 degrees C and restarts when it is - 18 degrees C.

It is very unfortunate that for a hot country, BD lacks these facilities. Development does not always mean building structures that can be photographed to show off. Development may also mean that these kinds of Commercial Refrigeration facilities are internally produced and installed.

I personally know there are deep fridges in many places in Dhaka. But, they are not sufficient and are not within the perimeter of a wholesale market.

And I have not heard of anything like this for vegetables. So, Bd is full of waste foods.

 

[Abu Shaleh Rumi]

Reading many posts by our countrymen in this forum, I started to think BD has become self-sufficient in all major staple food items except wheat.

Now, I find it imports onions and also rice from foreign countries and the quantity of rice imports is quite huge.

We consume too high a quantity of rice per person. Look at the belly of any BD man or woman. It is too large. However, we eat 170kg of rice per year per person may also be because protein food intakes are low.

This low protein intake is compensated by a huge intake of rice. It proves BD does not produce the types of food necessary to keep the body in good shape with enough physical energy.

Believing autocratic governments data is the most low IQ thing people can do...