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Bangladesh To Buy 1,50,000 Tonnes Rice From India: Report

  • According to a news report by Reuters, Bangladesh is purchasing 1,50,000 tonnes of rice from India.

  • This bilateral will be the first such deal in three years to take place between the 2 countries.

  • This comes after the prices of rice in Bangladesh have risen due to floods.

  • India will sell rice to Bangladesh at higher discounts than what they sell to Thailand and Vietnam.

  • The rice will be purchased from the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) which is a state-run food procurement agency.