<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Business Recorder - Markets - Commodities</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 01:14:46 +0500</pubDate>
    <lastBuildDate>Fri, 14 Aug 2026 01:14:46 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>Bangladesh to buy 200,000T Thai rice at higher prices</title>
      <link>https://www.brecorder.com/news/3122/bangladesh-to-buy-200000t-thai-rice-at-higher-prices</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/Rice_wheat_rice_news_078_59.jpg" width="400" height="401" /&gt;DHAKA:  Bangladesh will import 200,000 tonnes of rice from Thailand at higher prices in their first government to government deal for the grain to ensure ample supplies of the staple, two sources said. The price for the parboiled rice is $580 a tonne, including cost and freight, but excluding insurance. Bangladesh is paying $6 a tonne for insurance, and shipment would start within one month, one of the sources said.The government, already battling a food price inflation rate of 11 percent, is moving to speed up grain imports and stabilise domestic prices. Analysts expect food costs to rise further in coming months in step with rising global commodity prices."We have no option but to build our reserves in the wake of rising food prices and dwindling supplies," said Ahmed Hossain Khan, director general of the state grains buyer.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Our top priority is to ensure food security and hold down domestic prices," he told Reuters. The state grains buyer is buying parboiled rice at $529.72 a tonne, including CIF, in its latest tender.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;A senior food ministry official said private suppliers are no longer reliable sources for grain imports following spiraling global food prices. Although it is the world's fourth-biggest rice producer, Bangladesh has emerged as a major importer this year and is desperately looking for dependable sources as once traditional supplier India keeps a ban on grain exports. The government paid a higher cost to import 250,000 tonnes of rice from Vietnam. The price for 200,000 tonnes of 15 percent broken white rice to be supplied by Vinafood 2 is $545 a tonne, including cost and freight, compared with $389 per tonne it paid in August. The government seeks to import 2.2 3.0 million tonnes of grains, including 1.2 million tonnes of rice, in the year to June, up from nearly 550,000 tonnes in the previous year. Analysts say Bangladesh faces unrest if prices continue to rise, given that nearly 40 percent of its population of more than 150 million survive on less than $1 a day.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/Rice_wheat_rice_news_078_59.jpg" width="400" height="401" />DHAKA:  Bangladesh will import 200,000 tonnes of rice from Thailand at higher prices in their first government to government deal for the grain to ensure ample supplies of the staple, two sources said. The price for the parboiled rice is $580 a tonne, including cost and freight, but excluding insurance. Bangladesh is paying $6 a tonne for insurance, and shipment would start within one month, one of the sources said.The government, already battling a food price inflation rate of 11 percent, is moving to speed up grain imports and stabilise domestic prices. Analysts expect food costs to rise further in coming months in step with rising global commodity prices."We have no option but to build our reserves in the wake of rising food prices and dwindling supplies," said Ahmed Hossain Khan, director general of the state grains buyer.</p>
<p class="MsoPlainText">"Our top priority is to ensure food security and hold down domestic prices," he told Reuters. The state grains buyer is buying parboiled rice at $529.72 a tonne, including CIF, in its latest tender.</p>
<p class="MsoPlainText">A senior food ministry official said private suppliers are no longer reliable sources for grain imports following spiraling global food prices. Although it is the world's fourth-biggest rice producer, Bangladesh has emerged as a major importer this year and is desperately looking for dependable sources as once traditional supplier India keeps a ban on grain exports. The government paid a higher cost to import 250,000 tonnes of rice from Vietnam. The price for 200,000 tonnes of 15 percent broken white rice to be supplied by Vinafood 2 is $545 a tonne, including cost and freight, compared with $389 per tonne it paid in August. The government seeks to import 2.2 3.0 million tonnes of grains, including 1.2 million tonnes of rice, in the year to June, up from nearly 550,000 tonnes in the previous year. Analysts say Bangladesh faces unrest if prices continue to rise, given that nearly 40 percent of its population of more than 150 million survive on less than $1 a day.</p>
<p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p>
]]></content:encoded>
      <category>Markets</category>
      <guid>https://www.brecorder.com/news/3122</guid>
      <pubDate>Wed, 16 Feb 2011 07:05:00 +0500</pubDate>
      <author>none@none.com (Shoaib Ur Rehman)</author>
    </item>
  </channel>
</rss>
