Bangladesh Imports Rice Updates

Bangladesh Government will buy 100,000 tons of rice from Myanmar as the government races to overcome a shortage of the staple food for the country. High rice prices pose a problem for the government, which is ramping up efforts to replenish its depleted reserves after floods last year ravaged crops and sent prices to a record high. Bangladesh and Myanmar have been at odds over the more than 1 million Muslim Rohingya refugees in camps in southern Bangladesh. Bangladesh will import white rice in a government-to-government deal at $485 a ton, including cost, insurance and freight (CIF) liner out basis