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.
In purview of farmers counting losses in Bangladesh, the government has increased the duty on import of the basic staple to protect local produce.
Rice prices have gone up as millers and traders hiked prices banking on the government decision to raise import duty on the cereal to 28 percent from 2 percent, say market insiders.
In 2017, a large quantity of rice was imported from India and mainly from the bordering state of West Bengal. Exact figures of
The government in a desperate move to boost stock is going to import another 1.5 lakh tonnes of rice from India after an initiative to bring in the staple from Cambodia has recently failed.
Food officials have not been properly monitoring the market for long, allowing a section of unscrupulous traders to do business of essentials like rice and wheat without having licence and hoard them.
Failing to import parboiled (Shiddo) rice from Myanmar due to high price, the government yesterday approved another deal to import 50,000 tonnes of rice through international tender.
As rice prices have gone up further in the last four days, the government yesterday said conspiracy has been afoot to destabilise the rice market.
The food ministry yesterday informed the cabinet that 20 lakh tonnes of rice and wheat would have to be imported to meet demand and keep the market stable until January next year.
The price of rice at importer level came down by Tk 2.50 per kg as the latest duty cut became effective yesterday following issuance of a circular by the National Board of Revenue (NBR).
Disclosing for the first time this year's crop loss figure, the government yesterday decided to slash the tax on rice imports to 2 percent from 10 percent.
