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South Koreans to import rice from Bangladesh
South Korean importers showed interest in a number of Bangladeshi products and struck deals for the import of rice.

To begin with, they gave a trial order for two containers of aromatic rice when the Koreans had a one-to-one meeting with about 70 exporters here Wednesday to prepare a sopping list.
A 21-member buying mission from Korea Importers Association (KOIMA) arrived in Dhaka Tuesday on a three-day visit to offer to import some select products of their interest from Bangladesh.

KOIMA Chairman Soon Han Kwon is leading the high-powered delegation as part their Asia tour that took them to Sri Lanka and Cambodia.
Titled 'Korea Buying Meeting', the negotiation was formally inaugurated followed by a presentation on the local exportable.

"This buying mission will facilitate opening up new opportunities and avenues for promoting trade and investment between the Korean and Bangladeshi businessmen," Altaf told the function, assuring all possible cooperation from the government in facilitating both-way trade and investment.

Soon Han Kwon evinced their interest in buying Bangladeshi products as their yearly imports constitute around US$ 300 billion mainly from Japan, China and developed countries.

FBCCI President Nasir Hossain noted that Korea is the 10th-largest importer of the global exports, a little slice of which could be a big amount for the country's export earnings.

Local exporters should try to match their demand as they have got a choice for import from the country, he said.

The delegation members are mostly top executives of importing companies from South Korea.

The Export Promotion Bureau, as a part of its market-development activities, has organized the tour in cooperation with the Bangladesh Embassy in Korea.

KOIMA is an important association of the Korean business community having membership in the order of 10,000.

Bangladesh exported goods worth a paltry amount of $ 42 million to Korea during 2004-2005, which shared 0.49 percent of the country's total export earnings of $ 8654.52 million.
MGR Archive 7.4.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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