Bangladesh tenders to import 50,000 tonnes of rice.

Bangladesh’s state grain buyer has issued its seventh international tender since May to import 50,000 tonnes of parboiled rice in an effort to replenish reserves. Bangladesh, the world’s fourth-biggest rice producer, has emerged as a major importer of the grain this year after flash floods in April hit domestic output. As a result, the country is facing dwindling stocks and high local prices. The deadline for offers in the tender is August 20, with the rice to be shipped within 40 days of signing any deal. The country has also been importing rice via state-to-state deals. The state grain buyer aims to import as much as 1.2 million tonnes this year, and has so far struck deals with Vietnam.