The Department of Foreign Trade (DFT) of the Thai commerce ministry says Bangladesh is seeking the rice within 60 days of sealing the deal, Bangkok Post reported on Monday. Each country is seeking mostly parboiled grade and common grade white rice, the report said. Thai Rice Exporters Association said the benchmark common grade 5 percent white rice was quoted at $410 per tonne, while parboiled 100 percent grade white rice was $439 a tonne, according to the report. The Bangladesh government has bought 250,000 tonnes of rice from Vietnam under a government-to-government deal and the shipments are under way. The purchase is part of a plan to buy 600,000 tonnes of rice under government-to-government deals with Thailand, Vietnam and India, and through tenders in order to tackle soaring prices.

Source: bd News24 July 17, 2017 16:41 UTC