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Rice

Bangladesh issues first rice import tender in three years
Markets

Bangladesh issues first rice import tender in three years

  • The deadline to submit offers is Nov. 26, with validity up to Dec. 10. The rice is to be shipped within 40 days of signing a contract.
  • "I don't think the government will be able to tame prices that way. It should rather cut import duty on rice," a Dhaka-based trader said.
Published 16 Nov, 2020 06:48pm
India buys more paddy rice after farmers protest new laws
Markets

India buys more paddy rice after farmers protest new laws

  • India recently approved reforms of its agriculture sector that will allow farmers to sell to institutional buyers and big retailers such as Walmart.
  • Higher purchases will keep paddy rice prices above the minimum support price set by the government even as the country is set to harvest a record crop.
Published 02 Nov, 2020 05:17pm