The non-Basmati rice will be procured from Indian company
Bangladesh has recently received 26,250 tonnes of atap rice purchased from Pakistan under a government-to-government deal.
As of the first week of March, the private sector had imported only 2.63 lakh tonnes of rice against the approved 16.75 lakh tonnes
Out of the 50,000 tonnes of rice to be bought under a memorandum of understanding (MoU) with Pakistan, Bangladesh received a total of 26,250 tonnes of white rice.
The interim government is set to import seven lakh tonnes of rice, the highest in the last seven fiscal years, as it looks to shore up its depleting food grain stock and ease the cost of living crisis for the low- and fixed-income people battered by the prolonged high inflation.
50,000 tonnes of white rice will also be purchased from Pakistan
The government has taken an initiative to accelerate rice imports to strengthen the buffer stock of food grains and to arrest the upward trend of the staple’s price.
The interim government of Bangladesh will procure 50,000 tonnes of rice from India to address the depletion of the country’s food stocks and thereby meet consumer demand for the cereal grain amid ongoing inflationary pressure..The rice will be used to supply state-sponsored food distributi
The government is set to import rice from Myanmar and India as part of its efforts to bring down the high price of the staple, replenish stocks and ensure distribution under social safety net schemes.
Some 91,000 tonnes will be parboiled rice and 33,000 tonnes sunned rice
The agriculture minister says in a seminar
The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.
Bangladesh’s rice production may decline in marketing year (MY) 2022-23, which began in May, as severe floods damaged pre-monsoon crop Aus in the north and northeastern regions during planting, said a USDA report released on Monday.
The government initiative to import rice from different sources to beef up the stock and keep the prices stable is yet to see any significant progress.
The government today starts selling rice at subsidised prices in an effort to give respite to the poor and low-income earners and bring stability to the volatile rice market.
The government yesterday slashed the import duty on rice and is also working to import about 12 lakh tonnes of food grain including rice as it looks to rein in the price of the staple amid a cost of living crisis.
High prices are making life harder for the poor
The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.
The government has slashed the rice import duty to 25 percent from the existing 62.5 percent to keep the rice market stable, Food Minister Sadhan Chandra Majumder said today.
