Bangladesh cancels rice deal with Cambodia over shipment delay

15.11.2017
Bangladesh has cancelled its first-ever deal with Cambodia to import 250,000 tonnes of white rice over a delay in shipments, officials at the state grains buyer said on Tuesday.
 
The deal was signed in August at $453.00 a tonne in an effort to shore up depleted reserves and combat record high prices of the staple grain in domestic markets.
 
Traditionally the world’s fourth-biggest rice producer, Bangladesh has emerged as a major importer of the grain this year after floods damaged its crops and helped pushed Asian rice prices to multi-year highs in June.
 
 

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