Global Snapshot: India's Rice Exports To Bangladesh Delayed Over Pricing

(News resource: http://www.indiainfoline.com/)

The export of 300,000 tons of rice from India to Bangladesh has stalled as Bangladesh has sought a discount on the proposed sale price, complicating approvals for the shipment. Bangladesh has asked India to supply common grades of parboiled rice at slightly below $491.8 a ton. The request from Bangladesh has put the Indian government in a dilemma as it will have to sell way below the prevailing global price of $520-$540 a ton, and may also have to absorb some procurement costs.

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