{"id":15137,"date":"2020-12-21T16:06:23","date_gmt":"2020-12-21T10:36:23","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=15137"},"modified":"2020-12-21T08:07:16","modified_gmt":"2020-12-21T02:37:16","slug":"two-indian-firms-win-bangladesh-rice-import-tenders-for-1-lakh-tonne-non-basmati-rice","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/two-indian-firms-win-bangladesh-rice-import-tenders-for-1-lakh-tonne-non-basmati-rice\/","title":{"rendered":"Two Indian Firms win Bangladesh Rice Import Tenders for 1 lakh Tonne Non-Basmati Rice"},"content":{"rendered":"\n<p>India becomes more competitive in the global rice markets. Two Indian firms win Bangladesh rice import tenders for one lakh tonne non-Basmati rice.<\/p>\n\n\n\n<p>Two Indian firms have bagged tenders for importing non-basmati rice floated by the government of Bangladesh. One of the firms has agreed to sell 50,000 tonnes of rice at $405 a tonne. The other firm will offer another 50,000 tonnes at $416. The rice will have to be delivered in 40 days from the day of signing the contract. Rice Exporters Association (<a href=\"https:\/\/www.airea.net\/\">REA<\/a>) President B V Krishna Rao said that Bangladesh had got rice at such rates due to immense competition within India. Further, he added that while white rice is available at USD 375-385 a tonne, par-boiled rice prices are around USD400.<\/p>\n\n\n\n<p>The neighbouring nation plans to import at least three lakh tonnes of rice. It floated two separate tenders on November 16 and 25 to import 50,000 tonnes each of par-boiled rice. The tenders also included insurance, <a href=\"https:\/\/www.grainmart.in\/news\/exporters-face-hardships-as-freight-rates-of-shipping-containers-soar\/\">freight <\/a>terms, and unloading costs.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-china-buys-indian-rice-for-the-first-time-in-three-decades\">China Buys Indian Rice for the First Time in Three Decades<\/h4>\n\n\n\n<p>India has shipped around one lakh tonnes of rice to<a href=\"https:\/\/www.grainmart.in\/news\/indias-imports-from-china-drop-13-to-usd-59-billion\/\"> China<\/a> till now. The East Asian nation is buying 100% broken white rice which is priced lower at $300-320 a tonne. Also, a trader-exporter stated that the Chinese COSCO Group (like FCI in India) has not made its intentions clear on making further purchases.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-india-s-edge-in-non-basmati-exports\">India\u2019s Edge in Non-Basmati Exports<\/h4>\n\n\n\n<p>India always had an edge in exports of non-basmati rice. Data released by the Agricultural and Processed Food Exports Development Authority reveals that non-basmati rice exports from India increased to 50.79 lakh tonnes during April-September this year as against 24.96 lakh tonnes of last year. Further, rice <a href=\"https:\/\/www.grainmart.in\/news\/rice-exporters-in-india-expect-iran-to-begin-basmati-rice-import-by-january-2021\/\">exporters<\/a> also claim that non-Basmati exports topped last fiscal&#8217;s exports, making India the largest rice exporter in the world. Besides, the US Department of Agriculture&#8217;s World Agricultural Supply and Demand Estimate (WASDE) has predicted that India can export 13.50 million tonnes in the season-ending June next year.<\/p>\n\n\n\n<p>In all, the surplus of rice has made India very competitive in the global rice market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India becomes more competitive in the global rice markets. Two Indian firms win Bangladesh import tenders for one lakh tonne non-Basmati rice.<\/p>\n","protected":false},"author":13,"featured_media":13038,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[24614,24620,24619,24618,24612,24613,36,6844,24602,24617,24616,23943,23191,24604,24625,24621,11112,24623,312,24624],"class_list":["post-15137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-the-world","tag-bangladesh-rice-import-tender","tag-chinese-cosco","tag-cosco","tag-freight-terms","tag-global-rice-markets","tag-indian-firms","tag-non-basmati-rice","tag-non-basmati-rice-price","tag-non-basmati-imports","tag-par-boiled-rice","tag-rea","tag-rice-exporters","tag-rice-exporters-association","tag-rice-import-tender-bangladesh","tag-rice-surplus","tag-trader-exporter","tag-unloading","tag-wasde","tag-white-rice","tag-world-agricultural-supply"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Two Indian Firms win Bangladesh Rice Import Tenders for 1 lakh Tonne Non-Basmati Rice - Grainmart News<\/title>\n<meta name=\"description\" content=\"India becomes more competitive in the global rice markets. 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