IN SHORT: Bangladesh not to import rice on record crops

Bangladesh will not import rice over the next six months to June 2012 because it has bulging domestic stocks and procurement at home is rising, thanks to successive record crops, a senior procurement official said on Wednesday.
Although Bangladesh is the world's fourth biggest rice producer, with average annual output of 33 million tonnes, it emerged as a major importer early this year, doing several government-to-government deals with Vietnam and Thailand, the world's top two exporters of the grain.