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Indonesia Buys 150,000 Tonnes of Rice From Pakistan

HAMBURG: Indonesia’s state food procurement agency Bulog  bought about 150,000 tonnes rice from Pakistan, European traders said.

The purchases were made in direct deals negotiated without international tenders being issued. Some 45,000 tonnes of 5 per cent broken grade rice was bought at about $460 a tonne c&f and 105,000 tonnes of 15pc broken grade was bought at about $450 a tonne c&f, they said.All the rice is for shipment from May to July.

Traders had previously said Bulog had been seeking offers for only 50,000 tonnes of Pakistani rice.

“I think the deals show that Indonesia’s import requirements remain large despite several large recent purchases,” one European trader 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.

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