Rice: Bangladesh Govt. released Tender & U.S. Rice shipments to China expected to start slowly
August 26, 2017 at 11:57 AM ,
Rainbow Exports
Bangladesh Govt. released tender to import 500,000, tons of rice and wheat
Bangladesh government has invited for 0.5 million tons of Rice and wheat Tenders Finance minister Mr. Mohit has given permission for three different tenders for Rice and Wheat for year 2017-18 after cabinet meeting. It is expected that Rice purchase will be around US$411.51 and wheat purchase will be around US$251 per mt.
Bangladesh to import 250,000 tonnes of rice from Cambodia, Second Round talk with India Bangladesh officials said, "The proposal to import rice from Cambodia is currently awaiting approval."
Bangladesh, the world's fourth largest rice producer, has emerged as the major importer, the government has demanded 1.5 million tonnes of rice import. Earlier this month, the government agreed to buy 10 million tonnes of rice from Cambodia, this is the first deal with the country, for the next five years. 200,000 tonnes of white rice is $430 per tonne and 50,000 tonnes of extra quality rice is valued at $470 per tonne.
As demand increases from Bangladesh, Asian rice prices have increased. Although tenders of rice export to Thailand in Bangladesh have affected Indian rice exporters. The government is also negotiating with Myanmar to import tea, while it is in the second round of discussion with Thailand and India.
The Bangladesh government has also reduced the duty on import of rice from 10% to 2%, which has seen a decrease in the prices of rice in Bangladesh.
U.S. Rice shipments to China expected to start slowly, Next two months are Important for US Rice Industry - Rice Experts
After 10 years of continuous efforts, the signing of the Phytosenitary Protocol for ship shipment of rice and rice between china and US. On July 19 is a major achievement for US rice traders. The US rice industry hopes that the delegation from China in September will visit Rice Industries of America, and only after the green signal that the US will be able to make its first shipments to China until the beginning of 2018. Rice exporters of the United States believe that if everything was okay, China could prove to be the world's largest market for rice exporters.
Bob Cumming, chief CEO of USA Rice, says that currently rice shipments are not expected to begin immediately. He said, "We are working together with US exporters and USDA so that China's first consignment of rice can be converted into a reality. As the Phytosanitary Protocol has been signed. 'This means that at the end of September, Chinese inspectors in South and South American California can access the US Rice Industries.
He said that USA rice has identified 25 to 28 facilities in the United States, which is fully convincing on the scale of quality. And, which can be exported to China. Those facilities, most of which can be visited by rice mills, till September.
China is the world's largest consumer and importer of rice, and if things go smoothly then we expect shipping in early 2018, "he said. Those shipments are expected to start slower and hopefully they will gain momentum in 2018 and 2019.
This will affect the worlds present demand and supply tradition.
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