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Bangladesh to import 150,000 tonnes rice from India to combat price rise

The price includes shipping, insurance and discharge cost

Reuters  |  Dhaka 

Bangladesh will import 150,000 tonnes of rice from India in a state deal at $440 a tonne, two officials said on Wednesday, as the government races to restore depleted reserves and combat high prices. Traditionally the world's fourth-biggest rice producer, Bangladesh's imports of the grain are set to hit their highest levels in a decade after floods damaged its crops. India's state-run National Agricultural Cooperative Marketing Federation (NAFED) will supply the non-basmati parboiled rice within 60 days after signing the deal, which will take place soon, food ministry ...

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First Published: Wed, December 06 2017. 20:23 IST