22.
11.16
11:58

Bangladesh bought 200,000 metric tons of Russian wheat for its State reserve

Bangladesh will import 200,000 tons of Russian wheat, to fill its strategic reserves. An agreement between the Governments of the two countries was completed today.
It was a price of $245 / to agreed including freight and insurance. That corresponds to the currently lowest price of $216 per to US wheat including freight costs. The price is even below the lowest offer, Bangladesh received last week at a tender.
The Board of Directors of the national supply agency assesses the current prices as low. There is about 800,000 tons of rice and wheat in the own reserve. Bangladesh wants to buy 500,000 tons of wheat in the current marketing year, which began on July 1. After India goes down this year as a supplier, turning to now the suppliers from the Black Sea region.
Last year, the Asian country had three boatloads of 125,000 tonnes French wheat from quality start back shown. This happened after the supply agency referred to 200,000 metric tons of wheat from Brazil in poor quality and was criticized for it publicly.
Regardless the State imports of private buyers from Bangladesh every year buy about four million tonnes of wheat from abroad to meet the domestic demand. The domestic production of wheat is stagnant at a million tons. In addition to rice, wheat is the second most important staple food in Bangladesh, where 160 million people live.

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