Deal to take 2 more weeks
The final details of the government deal to export 500,000 tonnes of rice from India to Bangladesh, at a price lower than US$500 per tonne, might take two more weeks to complete.
Indian High Commissioner to Bangladesh Pinak Ranjan Chakravarty told reporters of this yesterday after attending a monthly luncheon meeting of the Foreign Investors' Chamber of Commerce and Industry (FICCI) held at a city hotel.
The Indian envoy said that the deal outlined sale of rice to Bangladesh at a cost below US$500 per tonne through government appointed exporters only.
In India private sector exporters have a minimum price bar of US$500 per tonne of rice.
However the Indian government has not included its private sector rice exporters in the government-to-government deal between the two countries, Pinak explained.
He said details of price, dates and other terms and conditions remain to be worked out.
Comments