Sri Lanka to import 100,000 MT of rice from Thailand

ECONOMYNEXT – The Sri Lankan government has struck a deal with the Thai government to import 100,000 metric tonnes of par boiled (Nadu) rice at US$ 425 a tonne but deferred another shipment of white raw rice owing to its high price.

The Ministry of Industry and Commerce said the total amount of rice to be imported from Thailand, Pakistan, Myanmar and India now stands at 255,000 MT, from deals with both foreign governments and private sector suppliers.

Letters of Agreement for the 100000 MT of par boiled rice from Bangkok are to be issued by Colombo this week and shipping for it from Bangkok is to commence as soon as Thai Attorney General’s office issues the go-ahead, a statement said.

The Thai supplier’s price before shipping for a kilo of rice is Sri Lankan Rs65.31 as of July 18 rates.

“Another 100,000 MT order of white raw rice from Thailand was held back for the time being by Sri Lankan officials due to comparatively higher Bangkok price viz-a-viz Myanmar’s quote for the same,” the ministry said.

It said Minister of Industry and Commerce Rishad Bathiudeen had also ordered rice from Pakistan and Myanmar to make up for a shortfall in the island.

Myanmar government agreed to supply 30,000 MT white raw rice immediately at prices ranging from US$ 290 per MT to $350 per MT.

The supplier’s price before shipping for a kilo of rice ranges from Rs 44.57 to Rs 53.80, as of July 18 rates, the ministry said.

Myanmar also agreed to supply another tranche of par boiled rice in September with the amount and price yet to be agreed.

Pakistan’s government is supplying 25,000 MT of white raw rice immediately, subject to a final price quote and to supply another 100,000 MT of par boiled rice in September with the final price to be agreed on.

Another 100,000 MT rice is to be purchased by the government of Sri Lanka from India’s private sector suppliers immediately and Ministry of Industry and Commerce officials are now in the process of collecting tender bids for it.
(COLOMBO, July 18, 2017)

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