The first consignment of rice from Vietnam is scheduled to arrive in Chittagong within 15 days, newly appointed Ambassador of Vietnam to Dhaka Tran Van Khoa has informed Bangladesh Prime Minister Sheikh Hasina.
The envoy made the announcement when he met Prime Minister Sheikh Hasina at her parliament office on Thursday.
Also Read- Bangladesh to import 250,000 tonnes of rice from Vietnam at raised prices
PM's Press Secretary Ihsanul Karim briefed reporters after the meeting.
Bangladesh is set to procure 250,000 tonnes of white and parboiled rice from Vietnam to maintain immediate availability of stock in the market, as well as reserves.
Also Read- Vietnam and Bangladesh extend rice trade deal to 2022
According to a Food Ministry proposal, the government will be importing 200,000 tonnes of white rice at $430 per ton, though the price per tonne was $380 in the last month.
The ministry is also planning on procuring 50,000 tonnes of parboiled rice at a cost of $470 per tonne, while the price had been less than $450 couple of weeks ago.
Vietnamese rice prices in May hit their highest in over a year on expectations of strong demand from top importing countries such as Bangladesh and the Philippines.
Also Read- Bangladesh to speed up rice imports in wake of flooding
Traders and officials say Bangladesh could emerge as a major importer of rice this year. It was ranked as the fourth-largest importer of the grain by the US Department of Agriculture in 2011.
The country’s rice stock has hit a 5 year low, at 193,000 tonnes.
Also Read- Flash flood in the Haors may worsen rice price hike
PM's Principal Secretary Dr Kamal Abdul Naser Chowdhury and Senior PMO Secretary Suraiya Begum were present on the occasion.