Bangladesh is likely to allow private traders to export fine rice after a bumper harvest and a surge in domestic stocks, a commerce ministry official said.
The country, a major importer that also usually exports a small quantity of rice, banned overseas shipments of common varieties in May 2008 following a drop in domestic stocks, and six months later banned the export of all varieties.
"In the first phase, we are going to allow export of 10,000 tonnes of aromatic rice," the commerce ministry official said.
"After that we will consider the next step to allow further rice exports. But only fine variety and a certain amount of rice will be allowed for export for a limited period," he added.
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