Bangladesh scraps rice deal with Cambodia
- 14 Nov 2017 at 20:18
- WRITER: REUTERS
A woman cleans rice for sale at a shop in Phnom Penh on Aug 2, 2017. (Reuters photo)
DHAKA: 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 as the Bangladesh government raced to shore up depleted stocks and combat record domestic prices of the staple grain after floods hit its crop.
"We had to terminate the deal as they failed to supply the rice on time," Badrul Hasan, the head of Bangladesh's state grain buyer, told Reuters.