Bangladesh buys 50,000 tonnes rice in tender

  • DHAKA/HAMBURG: Bangladesh's state grains buyer has purchased 50,000 tonnes of rice at $438.00 a tonne CIF liner out which was offered in a tender on Sept. 12, officials said on Wednesday.  The proposal received approval from Bangladesh's cabinet purchase committee on Wednesday, officials at the state grains buyer said.  European traders said the non-basmati, parboiled rice was likely to be sourced from Thailand.  The rice should be shipped 40 days after the contract signing. The seller was Thai-based company Siam Rice Trading.  Bangladesh, the world's fourth-biggest rice producer, has emerged as a major importer this year due to depleted stocks and record local prices following floods which damaged crops.  The government is making major efforts to build state reserves.  Bangladesh is to buy 100,000 tonnes of rice from Myanmar, putting aside worsening relations over the Rohingya refugee crisis as the government seeks to overcome the shortage of Bangladesh's staple food.  Bangladesh's government has already secured deals to buy rice from Vietnam and Cambodia as domestic stocks diminished. 
  • Mauritius buys 6,000 tonnes white rice in tender from Pakistan

  • HAMBURG: Mauritius' state purchasing agency has purchased 6,000 tonnes of long grain white rice to be sourced from Pakistan in an international tender which closed on Aug. 24, European traders said on Friday.  It was purchased at $380 a tonne C&F Mauritius.  The rice was sought for delivery between Oct. 1 to Dec. 31 in shipping containers.  The purchase marked another return of Pakistani rice to export markets following the purchase of 30,000 tonnes of rice from Pakistan by Iraq on Thursday. 
  • Iraq buys 60,000 tonnes rice from Pakistan, Uruguay

  • HAMBURG: Iraq's state grains buyer purchased a total of around 60,000 tonnes of rice in an international tender which closed this week, European traders said on Thursday.  Some 30,000 tonnes will be sourced from Pakistan and 30,000 tonnes from Uruguay, they said.  The Pakistani rice was purchased at $416 a tonne c&f free out. Pakistani rice had been offered at the lowest price in the tender although the country has not been offered in Iraq's purchase inquiries recently.  The Pakistani purchase is made under the additional condition that a sample must be submitted to Iraq's state grain board before contracting. A delegation from the grain board must also attend the loading of the cargo, traders said.  The rice from Uruguay was purchased $580.50 a tonne c&f free out, traders added.  The tender had closed on Sunday, Aug. 27, with offers having to remain valid up to Thursday.  Volumes in Iraq's tenders are nominal and the country can buy more than requested in the tender.  Iraq made no purchase in its previous international tender to buy rice which closed on July 30.  The country has been struggling to import grain for its food subsidy programme after introducing new payment and quality terms that left trading houses unwilling to participate in its international tenders.  Iraq is expected to produce about 250,000 tonnes of rice this year, suggesting the country will face a shortfall of about 1 million tonnes, which will need to be covered by imports. 
  • UPDATE | Bangladesh tenders to import 50,000 tonnes of rice

  • * Seventh tender since May after floods hit local output

    * State grains buyer looks to import 1.2 mln T of rice

    * Seeking imports both in government deals and tenders (Add details of import plan)

    DHAKA, Aug 1 (Reuters) - 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 Aug. 20, with the rice to be shipped within 40 days of signing any deal, a senior official at the country's state grains buyer said.

    The country has also been importing rice via state-to-state deals.

    “We’ll be issuing tenders and at the same time looking for government deals until our import target is fulfilled,” Badrul Hasan, the head of Bangladesh's state grain buyer told Reuters.

    The state grain buyer aims to import as much as 1.2 million tonnes this year, and has so far struck deals with Vietnam.

    But plans to import from India and Thailand could be suspended because of high prices and the government is already looking to Cambodia to replenish stocks.

    A Bangladeshi delegation, led by Food Minister Kamrul Islam, will visit Cambodia this week to sign a memorandum to import rice, ministry officials said.

    Bangladesh bought 200,000 tonnes 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 previous tenders.

    The lowest offer in the fifth tender by the state grains buyer for 50,000 tonnes of parboiled rice, which opened last Thursday, was from Olam at $419.51 a tonne, CIF liner out.

    The sixth tender for a similar quantity of rice will close on Aug. 8.

    Private traders have imported around 150,000 tonnes of rice from neighbouring India after the government cut import duties in late June.

    But prices of rice, a staple food for Bangladesh’s 160 million people, dropped only a little, posing a problem for the government which faces a national election due next year.
  • BD issues another tender to buy rice

  • Bangladesh's state grains buyer has issued another international tender to purchase 50,000 tonnes of rice, European traders said on Tuesday. The tender deadline is August 08. Earlier, Bangladesh had also issued a separate tender for 50,000 tonnes of rice closing on July 27. This is the sixth rice tender issued by state grains agency since May while it is also importing rice in state-to-state deals. Bangladesh, the world's fourth-biggest rice producer, has emerged as a major importer of the grain this year due to depleted stocks and record local prices following floods which damaged crops. The country could import as much as 1.2 million tonnes this year, and has so far struck deals with Vietnam and expressed interest in Thai and Indian rice. But the country's government could suspend a plan to import rice from India due to high prices while a deal with Thailand edged closer. Bangladesh is buying 200,000 tonnes 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 previous tenders. Private traders are importing rice from neighbouring India and Myanmar after the government cut import duties late last month. But prices of the staple food for Bangladesh's 160 million people did not budge, which is a big concern for the government as a national election is due next year. Non-Basmati Parboiled Rice is sought in the latest tender. Rice from worldwide origins will be accepted. Shipment must take place within 40 days of contract signing.  Bangladesh also issued a separate international tender Friday to import 50,000 tonnes of wheat. Meanwhile, Bangladesh has issued another international tender to import 50,000 tonnes of wheat to replenish reserves, according to two officials at the state grains purchasing agency and a tender document on the agency's website.  — Reuters
  • Govt issues new tender to buy 50,000t rice

  • Bangladesh’s state grains buyer has issued a new international tender to purchase 50,000 tonnes of rice, European traders said on Friday.
     
    The bidding deadline is July 27. Non-basmati parboiled rice is sought, they said. Rice from any origin will be accepted and shipment must take place within 40 days of contract signing. Bangladesh, the world’s fourth-biggest rice producer, could import as much as 1.2 million tonnes of rice this year in an effort to replenish reserves to combat high domestic prices. Bangladesh has been in talks about purchasing 200,000 tonnes of parboiled rice from Thailand in a government-to-government deal, an official said on Thursday. Bangladesh on Friday issued a separate international tender to import 50,000 tonnes of wheat.
  • Govt gets lowest offer of $430 per tonne in rice import tender

  • Bangladesh received a lowest offer of $430 tonne CIF liner out from Phoenix in a tender that opened on Sunday to import 50,000 tonnes of parboiled rice, officials at the state grains buyer said.
     
    Bangladesh is stepping up imports due to depleted stocks and record local prices following flash floods. Six traders competed for Sunday's tender, the fourth issued since May by the Directorate General of Food. 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. Last week, a Bangladeshi delegation visited Thailand to finalise imports of rice in a government-to-government deal, officials said. Bangladesh is buying 200,000 tonnes 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. "We don't have any other option but to speed up imports," said a senior food ministry official. "This time we won't be able to achieve our local procurement target. We are going for state-to-state deals even if it is costlier, as importing via tenders is a lengthy process." The state grains buyer bought 50,000 tonnes of white rice at $406.48 a tonne and 100,000 tonnes of parboiled rice at $427.85 and $445.11 a tonne in three previous tenders. It is also in talks with India, and private traders have started importing rice from the neighbour after the government cut import duties late last month.
  • NFA issues tender to import 250,000 tons of rice

  • MANILA - The state grains buyer issued on Thursday an international tender to buy 250,000 tons of 25 percent broken long grain white rice, rushing to boost thinning government stockpile. Bids must be submitted on or before July 25, when the sealed offers will be opened, the National Food Authority (NFA) said. The Philippines, one of the world's biggest rice importers, usually buys from major suppliers Vietnam and Thailand.
     
    However, this time the tender is also open to private suppliers from other countries including Pakistan and top supplier India. Manila has shifted away from buying rice under government-to government deals to ensure competitiveness and transparency following accusations that some NFA officials were making money from such deals, which the agency has denied. State inventories have shrunk to the least in more than three years, just enough to cover five days of national requirement. But local retail prices remain largely stable, thanks to still abundant stocks held by the private sector. The NFA is mandated to maintain a 15-day buffer stock at any given time and a minimum of 30 days during the lean harvest season from July to September. The entire 250,000-tonne shipment should arrive between August and September, the agency said.
  • Philippines invites tender for Myanmar rice

  • Bags of rice are loaded at Pakokku port. (Photo-Thet Htein Win)
    The Philippines’ National Food Authority has invited a tender for Myanmar to supply the country with rice, according to the Ministry of Commerce. The Consumer Affairs Department, under the ministry, held a meeting at its office in Yangon Region on Saturday to discuss the tender invitation. The discussion focused on exports of rice to the Philippines in accordance with set standards, and a price-setting process that takes into account the Philippines’ demand level. Union Minister for Commerce  Than Myint had earlier said Myanmar has been making efforts to seek new markets in order to promote the export of local products. The export of  so-called 25-mark rice to African countries is on the increase and European Union countries are also increasing their imports of Myanmar rice. It is also being sold to Asean countries. In the first three months of the 2017-18 fiscal year, Myanmar exported over 600,000 tonnes of rice, exceeding by three times the total tonnage exported in the same period of last year, according to sources from the Commerce Ministry. In the same period of the previous fiscal year, just over 200,000 tonnes of rice were exported.   
  • Rice Tender | Bangladesh

  • RICE TENDER: Bangladesh's state grains buyer issued its fourth international tender since May, looking to import 50,000 tonnes of parboiled rice as it grapples with depleted stocks and record local prices. The deadline for offers is July 9, with the rice to be shipped within 40 days of signing any deal, a senior official at the country's state grains buyer said.
  • Thailand-origin offered lowest in Iraq’s 30,000 T rice tender

  • HAMBURG: The lowest price offer in the tender from Iraq's state grains buyer to purchase at least 30,000 tonnes of rice was $498.20 a tonne c&f free out for rice to be sourced from Thailand, European traders said on Monday. No decision about a purchase was believed to have been made in the tender, which closed on June 11 with offers remaining valid up to June 15. The lowest price was followed by another offer of Thailand rice at $503.20 a tonne c&f free out. Lowest offer for rice from the United States was $595 a tonne free out. Indian rice was offered lowest at $525 a tonne c&f liner out. Free out and liner out terms have differing conditions for the cost of port cargo handling. Argentine rice was offered lowest at $537 a tonne c&f free out and Uruguay origin was offered lowest at $539 a tonne c&f free out, they said. Brazilian rice was offered lowest at $552 a tonne c&f free out. Traders said six trading companies took part in the tender, lower than usual but still a reasonable number. Iraq has been struggling to import grain for its food subsidy programme after introducing new payment and quality terms which left trading houses unwilling to participate in its international tenders. Iraq told suppliers earlier this year it would pay for its grain in instalments. Traders said they were informed by Iraq's Grain Board that low oil prices and other financial factors were forcing the country to delay payments. Iraq had made no purchase in a separate wheat tender, traders said on Monday.
  • TCP issues fresh tender for supply of rice to Sri Lanka

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    imageRIZWAN BHATTI KARACHI: The Trading Corporation of Pakistan (TCP) has issued fresh tender for procurement of 5,000 tons Long Grain White Rice (IRRI-6) for export to Sri Lanka. The procurement is being made on the directives of the federal government, which has committed to donating some 10,000 tons of rice to Sri Lanka as gift from the people of Pakistan. The state-run grain trader has already procured 5,000 tons through a rice tender, opened on Monday. The TCP had finalized a deal on Tuesday with M/s Jhulay Lal Parboiled Rice Mills as the latter was the lowest bidder in the Long Grain White Rice (IRRI-6) tender. Some 5,000 tons of the commodity has been procured at two different rates as the lowest bidder submitted two separate bids with two rates. The TCP has procured some 2,500 tons at a price of Rs 39,494 per ton and another quantity of 2,500 tons at Rs 40,307 per ton. In order to complete the quantity for export to Sri Lanka, the TCP has invited sealed bids (under clause-42(d) (iii) of the Public Procurement Rules, 2004) on Cost Insurance and Freight (CIF) basis from companies/partnership/sole proprietors dealing in export of rice, in the shape of containerized bagged cargo packed in 50-kg polypropylene (PP) woven bags. However, according to the tender document, the companies that are blacklisted by any government department /agency including the TCP are not eligible to participate in the tender. The bids will be submitted by a bidder for a minimum quantity of 2,500 tons or multiples thereof with a maximum quantity of 5,000 tons for Long Grain White Rice (IRRI-6). According to tender document, interested parties can submit/drop their bids, in sealed envelope up to March 10, 2017. The bids received will be opened the same day in the TCP's Board Room in the presence of bidders or their authorized representatives, who may wish to be present. As per the tender requirement, each bag of 50-kg IRRI-6 rice will be printed with black ink except Pakistani flag.