"The highest discount in the world!" Foreign media: India prohibits wheat exports, Bangladesh buys from Russia

According to Reuters on the 22nd, the Bangladesh government and trading officials said that after the largest supply of China India was prohibited from exporting grains on the grounds of curbing the rise in prices in the country, Bangladesh was trying to seek the supply of Russian wheat supply through intergovernmental agreements. Essence

Industry officials in the country stated that if a supply agreement with Russia reached a supply agreement, it would help Bangladesh in the context of rising global wheat prices to respond to domestic wheat needs. A senior official of the Ministry of Food of the country said that the two parties will hold a video conference on Thursday to finalize the procurement agreement.

"In the early days, we would seek at least 200,000 tons of wheat from Russia." The official said

Source: Visual China

The report mentioned that after the implementation of the export ban in India, Bangladesh tried to ensure supply through international traders, but it was canceled because the bid was too high.

A dealer of a global trading company in Mumbai said that the cost and freight of Indian wheat imported from Bangladesh is less than $ 400 per ton, but after the ban on the implementation of India, the quotation of other countries' traders is higher than $ 460, which will raise the local area to the local area. The price of wheat.

The Bangladesh government is trying to curb the rise in commodity prices. In May, the country's inflation rate reached the highest level in eight years, and the country's wheat inventory reached the lowest level in three years to 166,000 tons.

"Many countries can provide wheat to Bangladesh, but the key issue is price, and Russia can provide the world's largest discount," said a dealer of a global trading company in New Delhi.

Reuters said that in view of Western sanctions against Russia, payment methods will be a challenge for Bangladesh.

"All issues, including payment, will be discussed at the meeting, let us wait and see," said government officials of the country.

The dealer in New Delhi said that Bangladesh would initially purchase a small amount of Russian wheat, and if "everything goes well in arrangement and payment", the purchase number will be increased.

(Edit: HX)

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