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.
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
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.
With farmers ready to reap rice in the year's biggest rice season -- Boro -- in a week amidst concern over poor market price,
THE government has finally decided to impose a 10 percent duty on foreign rice to curb import of the grain. Needless to say this measure comes too late for the farmers and millers of the country.
Finance Minister AMA Muhith says the government has decided to impose 10 percent tax on rice import.
