Rice Imports from India Resume After Two-Year Pause

18-Nov-2024 02:31 PM

Rice Imports from India Resume After Two-Year Pause
Initial Shipment: The first consignment of rice, consisting of 105 tonnes of non-basmati rice, is being imported into Bangladesh through the Benapole port. The rice is expected to arrive in three trucks by noon today.

Import Quotas: A total of 24 authorised importers have been given permission to bring in rice. Of these, 12 importers from the Jashore region have been allocated a combined total of 73,000 tonnes of non-basmati rice and 19,000 tonnes of atap rice.

Government Approval: On November 11, Bangladesh’s Ministry of Food granted approval to 24 companies for importing rice, which includes 1,20,000 tonnes of parboiled rice and 55,000 tonnes of non-parboiled rice.

Concerns: There are concerns over the feasibility of importing and marketing the full allocated quantity of rice by the December 10 deadline. This could create logistical and market pressure in the coming weeks.
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Thailand’s Rice Exports Surge by 20%
Export Growth: Thailand's rice exports have surged by 20% year-on-year during the first 10 months of 2024, reflecting strong global demand.

Export Volume: Between January and October 2024, Thailand exported a total of 83.7 lakh tonnes of rice, and it is expected that exports will surpass 90 lakh tonnes by the end of the year.

This increase in exports is significant for Thailand, positioning the country as a key player in the global rice market.