Indian exporters optimistic as Bangladesh plans to import 9 lakh tonne rice
Indian rice exporters are optimistic as Bangladesh plans to import 9 lakh tonnes of rice. With India’s proximity, competitive prices, and large supply base, stakeholders expect a surge in demand. Bangladesh will procure 4 lakh tonnes via tenders, and private traders will import the remaining 5 lakh tonnes.
Indian rice millers and exporters are upbeat about Bangladesh’s “plan to import 9 lakh tonnes of rice”, anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday.
With India accounting for 46 per cent of global rice exports, the country is expected to “emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing”, they said.
“Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country.
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Source : Business Standard
