India also allowed to participate in Bulog's 3.40 lakh ton rice import tender

25-Oct-2024 05:26 PM

Jakarta. India has now been allowed to participate in the international tender issued by Indonesia's government grain procurement agency - Bulog for the purchase of 3.40 lakh ton rice and the period for submitting bids (bids or offers) has been extended by 1 day.

While issuing the tender for the import of white (raw) rice with 5 percent broken content, Bulog had made a rule that only rice from Thailand, Cambodia, Vietnam and Pakistan would be accepted in it, but now traders have been informed that Indian origin rice can also be offered in it. The date for submitting the offer has been extended from 30 October to 31 October 2024.

On October 22, traders were informed to the effect that Indian origin rice can be offered for this tender. This has increased the concern of other exporting countries because Indian rice is currently available at the cheapest price and the government has made it completely duty free and decontrolled.

It seems that it will not be easy for rice exporters of other countries to face the challenge and competition from India.

Government tenders are being issued regularly for rice imports in Indonesia during the current year and it has also been purchased from various countries.

Earlier Myanmar was also included in this but it has not been included in the latest tender. If India wins this tender, the way ahead will be clear and then rice can be exported regularly from India to Indonesia.

Indonesia needs to import rice in large quantities because the production of this important food grain there is estimated to have declined by 2.43 percent to 303.40 lakh tonnes compared to last year. The time period for export shipment of rice has been fixed between November and December 20.