Synopsis

In a recent tender by Bangladesh’s state grains buyer for 50,000 metric tons of rice, the lowest offer was $434.77 per metric ton CIF, quoted by Indian trading house Agrocorp. Although offers are under consideration, no purchase has been finalized yet. Bangladesh typically takes time for decision-making in such tenders.

The lowest price offered in the tender from Bangladesh’s state grains buyer to purchase 50,000 metric tons of rice which closed on Thursday was assessed at $434.77 a metric ton CIF liner out, traders said.

 The offer was made for Indian origin rice by trading house Agrocorp, they said.

Offers are still being considered and no purchase had yet been reported, they said. Bangladesh traditionally considers price offers in grain and rice tenders for some time before making a decision.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

Published Date: February 7, 2025