NEW DELHI : Indian rice exporters and millers are optimistic about a rise in demand and better prices following Bangladesh’s plan to import nine lakh tonnes of rice, industry stakeholders said on Sunday.
India, which accounts for 46% of global rice exports, is likely to be the biggest beneficiary of the move due to its proximity, consistent supply, and competitive pricing.
According to exporters, Bangladesh will import four lakh tonnes through government tenders and another five lakh tonnes via private traders. The early import plan comes amid concerns over crop losses from heavy rainfall affecting . . .
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