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Bangladesh problems tender to purchase 50,000 T of rice, traders say

Bangladesh's state grains buyer has actually provided another international tender to buy 50,000 metric lots of rice, traders stated on Friday.

The due date for submission of rate deals is Jan. 9.

A previously issued tender from Bangladesh likewise seeking 50,000 lots of rice closes on Jan. 1.

The tender continues heavy rice acquiring by Bangladesh in global markets.

Floods in Bangladesh in August and October this year ruined an estimated 1.1 million metric tons of rice, triggering the nation to broaden imports of the staple grain to cool increasing food rates.

The new tender looks for price offers for non-basmati parboiled rice in CIF liner out terms, consisting of ship unloading costs, for shipment to the ports of Chattogram and Mongla.

The rice can come from around the world origins and delivery is needed 40 days after agreement award.

(source: Reuters)