:. Food Industry News


Bangladesh Makes Urgent Diplomatic Appeal for Rice (DJ)

Source: Dow Jones Newswires
07/01/2008

Dhaka, Jan. 6 - Bangladesh said Sunday it has asked nearby countries to sell it large quantities of rice to help tame price spikes caused by two major natural disasters that ruined crops in the country in 2007.

Daily News Alerts

Foreign Minister Iftekhar Ahmed Chowdhury called his Indian counterpart Pranab Mukherjee on Saturday to immediately buy half a million metric tons of rice, the foreign ministry said, adding that "Vietnam is responding to the request of a friendly country like Bangladesh, and is willing to sell rice to us."

"Bangladesh would continue her diplomatic initiative with friendly countries to address the issue of food purchase," Chowdhury was quoted as saying, noting the country was importing another 100,000 metric tons from Thailand.

The diplomatic offensive was launched as the price of rice, a main staple food in the impoverished nation of 144 million, spiked to 33 taka ($0.48) per kilogram in the past week.

The government said the imported rice will be used to ease demand by selling it in the open market at a subsidised price.

The price spike is linked to devastating floods in the main rice growing region of the north during July and August followed by a massive cyclone that hit the south coast in November.

The combined disasters killed thousands of people and destroyed rice crops worth $600 million, the agriculture ministry said, threatening to cause widespread hunger among 60 million people who live on less than a dollar a day.

The country's powerful army chief General Moeen U. Ahmed on Friday expressed concern at the spiraling cost of rice.

"We are very much concerned about the price hike," Ahmed was quoted as saying by the private UNB news agency. He added that the situation was compounded by hoarding among the public and mill owners.

The country's military-backed government took power on Jan. 12, 2006, a day after a state of emergency was imposed following months of unrest over vote-rigging allegations which led to national polls being cancelled.

The interim government has pledged to root out corruption in politics before holding a fresh ballot by the end of this year.



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Bangladesh Lifts Ban on Exports of Fine Rice
Bangladesh Importers Want India to Cut Wheat Prices...
Bangladesh Summer Rice Crop Set to Exceed Target
Bangladesh Bans Rice Exports to Curb Prices
Bangladesh Bans Rice Exports until Next April
Bangladesh Food Grains Output Set to Rise 20 pct
Rice Sales Make India Bangladesh's Top Import Source
Bangladeshis Told 'Eat Potatoes' as Rice Prices Soar
Bangladesh Bans Rice Exports for 6 Months (DJ)
Bangladesh Urges India to Reduce Export Cost of Rice

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228