Bangladesh to import rice from Vietnam and India to replenish reserves

The price for the parboiled rice from Vietnam will be $521 a ton and white rice $494 a ton. (Reuters)
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Updated 29 August 2022
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Bangladesh to import rice from Vietnam and India to replenish reserves

DHAKA: Bangladesh is finalizing deals with Vietnam and India to import a total of 330,000 tons of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday.

Soaring prices of the staple grain for the country’s 165 million people pose a problem for the government, which plans to expand cut-price rice sales to help people hard-hit by high costs.

The south Asian country will buy 100,000 tons of parboiled rice from an Indian public sector firm and 200,000 tons of parboiled rice and 30,000 tons of white rice from Vietnam, the government officials said.

The price for the parboiled rice from Vietnam will be $521 a ton and white rice $494 a ton, said the officials, speaking on condition of anonymity because the deals have not been made public.

The price for rice from neighboring India will be $443.50 per ton via seaports and $428.50 per ton via railways, the officials said. All the prices included freight, insurance and unloading costs, they said.

“Preparations are underway to sign the deals soon,” one of the officials said, adding the rice would be delivered within two to three months after the signing.

The Bangladesh government is also holding talks with Myanmar to import rice, the officials said, putting aside a rift over the Rohingya refugee crisis.

Bangladesh this week slashed import duty on rice to 15 percent from 25 percent, cutting it for the second time since July in a bid to boost private imports.

Its private rice import plan, however, faces a setback with only 36,000 tons bought since July, after the government allowed private traders to import nearly 1 million tons of the staple grain after slashing duty to 25.0 percent from 62.5 percent.

The government will begin selling rice at a cheaper rate for 5 million poor families and expand such sales from September, in an effort to rein in surging domestic prices, which saw yet another uptick after it hiked domestic oil prices early this month.

Bangladesh, traditionally the world’s third-biggest rice producer with around 35 million tons annually, uses almost all its production to feed its people. It still often requires imports to cope with shortages caused by floods or droughts.


US to cut roughly 200 NATO positions, sources say

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US to cut roughly 200 NATO positions, sources say

  • Trump famously threatened to withdraw from NATO during ⁠his first presidential term and said on the campaign trail that he would encourage Russia to attack NATO members that did not pay their fair share on defense

WASHINGTON: The United States plans to reduce the number of personnel it has stationed within several key NATO command centers, a move that could intensify concerns ​in Europe about Washington’s commitment to the alliance, three sources familiar with the matter said this week.
As part of the move, which the Trump administration has communicated to some European capitals, the US will eliminate roughly 200 positions from the NATO entities that oversee and plan the alliance’s military and intelligence operations, said the sources, who requested anonymity to discuss private diplomatic conversations.
Among the bodies that will be affected, said the sources, are the UK-based NATO Intelligence Fusion Center and the Allied Special Operations Forces Command in Brussels. Portugal-based STRIKFORNATO, which oversees some maritime operations, will also be cut, as will several other similar NATO entities, the sources said.
The sources did not specify why the US had decided to cut the number of staff dedicated to the NATO roles, but the moves broadly align with the ‌Trump administration’s stated intention to ‌shift more resources toward the Western Hemisphere.
The Washington Post first reported the decision.

TRUMP ‌RE-POSTS ⁠MESSAGE ​IDENTIFYING NATO ‌AS THREAT
The changes are small relative to the size of the US military force stationed in Europe and do not necessarily signal a broader US shift away from the continent. Around 80,000 military personnel are stationed in Europe, almost half of them in Germany. But the moves are nonetheless likely to stoke European anxiety about the future of the alliance, which is already running high given US President Donald Trump’s stepped-up campaign to wrest Greenland away from Denmark, raising the unprecedented prospect of territorial aggression within NATO.
On Tuesday morning, the US president, who is scheduled to fly to the World Economic Forum in Switzerland in the evening, shared another user’s post on social media that identified NATO as a threat to the ⁠United States. The post described China and Russia as merely “boogeymen.”
Asked for comment, a NATO official said changes to US staffing are not unusual and that the US presence in ‌Europe is larger than it has been in years.
“NATO and US authorities are in ‍close contact about our overall posture – to ensure NATO retains our ‍robust capacity to deter and defend,” the NATO official said.
The White House and the Pentagon did not respond to requests for ‍comment.

MILITARY IMPACT UNCLEAR, SYMBOLIC IMPACT OBVIOUS
Reuters could not obtain a full list of NATO entities that will be affected by the new policy. About 400 US personnel are stationed within the entities that will see cuts, one of the sources said, meaning the total number of Americans at the affected NATO bodies will be reduced by roughly half.
Rather than recalling servicemembers from their current posts, the US will for the most part decline to ​backfill them as they move on from their positions, the sources said.
The drawdown comes as the alliance traverses one of the most diplomatically fraught moments in its 77-year history. Trump famously threatened to withdraw from NATO during ⁠his first presidential term and said on the campaign trail that he would encourage Russian President Vladimir Putin to attack NATO members that did not pay their fair share on defense. But he appeared to warm to NATO over the first half of 2025, effusively praising NATO Secretary-General Mark Rutte and other European leaders after they agreed to boost defense spending at a June summit.
In recent weeks, however, his administration has again provoked alarm across Europe. In early December, Pentagon officials told diplomats that the US wants Europe to take over the majority of NATO’s conventional defense capabilities, from intelligence to missiles, by 2027, a deadline that struck European officials as unrealistic. A key US national security document released shortly after called for the US to dedicate more of its military resources to the Western Hemisphere, calling into question whether Europe will continue to be a priority theater for the US
In the first weeks of 2026, Trump has revived his longstanding campaign to acquire Greenland, an overseas territory of Denmark, enraging officials in Copenhagen and throughout Europe, many of whom believe any territorial aggression within the alliance would mark the end of NATO. Over the weekend, ‌Trump said he would slap several NATO countries with tariffs starting February 1 due to their support for Denmark’s sovereignty over the island. That has caused European Union officials to mull retaliatory tariffs of their own.