Govt to procure 3 lakh tonnes of rice at Tk 39 per kg

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The government will procure a total of 300,000 tonnes of aman rice at a rate of Taka 39 per kg from the internal market during the current aman season.

The decision was taken at an inter-ministerial meeting of food planning and monitoring committee (FPMC). The procurement drive will continue from December 3, 2017 to February 28, 2018.

Food Minister Advocate Qamrul Islam told journalists, “Decision has been taken to procure 300,000 tonnes rice during the current aman season at a rate of Taka 39 per kg as the farmers have to spend Taka 37 for growing a kg of rice.”

“The government has a target of growing 1.40 crore tonnes of aman rice this year,” he added.

Replying to a question, he said the production cost of per kg paddy will be Taka 24.63 while cost of per kg rice will be Taka 37.02.