Bangladesh received a lowest offer of $430 tonne CIF liner out from Phoenix in a tender that opened on 9 July to import 50,000 tonnes of parboiled rice. Bangladesh is stepping up imports due to depleted stocks and record local prices following flash floods. Growing demand from Bangladesh should stoke Asian prices that have already hit multi-year highs in recent months. The rice is to be shipped within 40 days of contract signing. Bangladesh is buying 2 MMT of Vietnamese white rice at $430 a tonne and 50,000 tonnes of parboiled rice at $470 a tonne in a state-to-state deal – at rates much higher than in the tenders.