(Reuters photo)DHAKA: Bangladesh has cancelled its first-ever deal with Cambodia to import 250,000 tonnes of white rice over a delay in shipments, officials at the state grains buyer said on Tuesday. Traditionally the world's fourth-biggest rice producer, Bangladesh has emerged as a major importer of the grain this year and helped pushed Asian rice prices to multi-year highs in June. Rice at government warehouses stood at 411,000 tonnes, well below the normal level of around 1 million tonnes. In August, Bangladesh cut a duty on rice imports for the second time in two months. Bangladesh produces around 34 million tonnes of rice annually but uses almost all its production to feed its population.

Source: Bangkok Post November 14, 2017 12:33 UTC