Bangladesh intensifies rice imports as prices surge despite steady harvest
Bangladesh has issued two tenders, each for 50,000 tonnes of non-basmati parboiled rice, to curb rising domestic prices, up 15% year-on-year despite a strong harvest. India remains the lowest-cost supplier at around $359–360/ton. The government aims to strengthen reserves and stabilize retail prices ahead of peak demand.
Bangladesh has issued two more international rice import tenders as domestic prices have continued to climb up, even after a strong harvest. Retail rates are up around 15% from a year earlier, signalling persistent supply tightness in local markets. The government is pushing ahead with fresh procurement to strengthen food security and cool inflation in the staple grain.
Details of latest tenders, shipment terms
The latest move involves two tenders, each seeking 50,000 tonnes (t) of non-basmati parboiled rice for delivery to Chittagong and Mongla. Price offers for the first tender close on 3 November, with the second following on 6 November. Cargoes will be supplied on CIF liner out terms, meaning sellers bear unloading charges to ensure smoother port handling and quicker discharge at congested terminals.
India remains lowest-cost supplier
India remains the most competitive origin for Bangladesh, extending its advantage from the previous tender, where an Indian supplier submitted the lowest bid at around $359-360/t on a CFR basis. The pricing reflects softer export values across Asia and continued availability of parboiled grades in the Indian market. Offers from Vietnam, Thailand, and Pakistan have remained higher amid varying supply pressures and currency movements.
Outlook
Market participants expect Bangladesh to maintain steady import activity through the fourth quarter to rebuild reserves and stabilise retail prices. Timely arrivals and efficient inland distribution will be critical to easing market strains. Traders say price competitiveness, logistics reliability, and adherence to quality specifications will continue to drive award outcomes as the government looks to secure adequate stocks ahead of peak demand.
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Source : Bigmint
