Rice Strong demand from Bangladesh and Philipines.

Bangladesh is set to import 250,000 tonnes of rice from Vietnam in a government-to-government deal, as part of an effort to build reserves, which are at 10-year lows, and rein in record-high local prices after flash floods hit output. The Philippines has also said it would issue a tender next month to import 250,000 tonnes of the grain from Thailand and Vietnam, and possibly also India. In India, the world’s biggest rice exporter, prices of 5-percent broken parboiled rice RI-INBKN5-P1 climbed by $2 per tonne to $415-$418, as demand from overseas buyers rose.