Exporters upbeat as B’desh plans to import 9 lakh tonnes of rice

 

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. With India accounting for 46% 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. At least 30-40% of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha and Bihar will benefit the most, as per a report.

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