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BD to import more 0.2m tonnes rice, wheat

Rice
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FT ONLINE

Proposals to import an additional 0.2 million (200,000) tonnes of rice and wheat, which have been approved by the government.

The Cabinet Committee on Government Purchase endorsed the proposals at a meeting chaired by Finance Minister AMA Muhith on Wednesday.

The government will buy 150,000 tonnes of non-Basmati boiled rice, and the import will cost Bangladesh around Tk 5.49 billion at the rate of US$ 440 per tonne.

Additionally, the government will also buy 50,000 tonnes of wheat from Singapore’s Resington Enterprise Limited in line with international quotation, at a price of around Tk 1.02 billion at $245.35 per tonne.

Prices of rice, the staple food grain in Bangladesh, have been multiplying since two spells of floods devastated crops on hundreds of thousands of farmland in April. The government has decided to import 2.0 million tonnes of rice and wheat in current fiscal to refill the stock.

-SAM/MIAH

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