Pakistan Agriculture News, Rice

Indonesia to buy 50,000 tonnes rice from Pakistan

Indonesia’s state food procurement agency Bulog is seeking offers from sellers in Pakistan to buy about 50,000 tonnes of rice, European traders said on Wednesday.

The agency is seeking rice of both 5 per cent broken grade and 15 percent broken grade, traders said.

Bulog said on March 20 it planned to import a total 500,000 tonnes of rice up to the end of June to improve local supplies and cool domestic prices.

“It looks like the requirement may be well over 500,000 tonnes,” one European trader said.

Bulog bought about 500,000 tonnes of rice to be sourced from Vietnam and Thailand, traders said on March 29.

Bulog also bought about 50,000 tonnes of rice from Pakistan on March 21 for shipment up to May 31.