• Friday, Aug 06, 2021
  • Last Update : 09:55 am

Cabinet approves import of rice from Myanmar

  • Published at 03:56 pm October 11th, 2017
  • Last updated at 01:20 am October 12th, 2017
Cabinet approves import of rice from Myanmar
Food Minister Qamrul Islam on Wednesday said the government approved a proposal to import 100,000 tons of rice from Myanmar. Emerging from a cabinet committee meeting on public purchase and economic affairs, he said: “The Cabinet Committee on Public Purchase gave a nod of approval to import 100,000 tons rice from Myanmar.” In reply to reporters’ query about whether the government will further purchase rice from the neighbouring country, he said: “We did not talk about this.” During his recent visit to Naypyidaw, the minister signed a deal with his Myanmar counterpart on importing 350,000 tons of rice from the country in the next three years. Additional Cabinet Secretary Mustafiur Rahman said the 100,000 tons of white rice would be imported under a G2G contact at a cost of Tk366.86cr. He said: “Rice will be purchased at $442 per ton. Price per kg of rice will be Tk36.69. When the rice will be brought in depends on shipment from Myanmar.” He, however, added that the shipping process would not take over a week. Mustafiur also said the Cabinet Committee on Public Purchase approved another proposal of the Food Ministry to purchase 50,000 tons of parboiled rice from global suppliers at a cost of Tk177.34cr. Per ton of parboiled rice will be purchased at $427. M/S Mohammad Rabiul Islam Sonapotti Pabna is the lowest bidder for importing rice from the international market, he added. “Bangladesh is facing a shortfall of 1.5 million tons of rice this year as crops were severely damaged by floods in recent months. As of September 5, the stock of rice stood at 366,000 tons,” the Food Ministry proposal reads. Bangladesh has so far purchased around 150,000 tons of rice from individual suppliers this fiscal year. The ministry will hold a meeting on October 15 to decide on costs and timeframe for importing rice from India.  Sources said that no tender would be floated for importing rice from the country, as it would be purchased on a G2G basis.

Rice price

Food Ministry sources said rice price has shot up by 39% in the last nine months in local markets, but in global markets, it rose by only 6%. According to Trading Corporation of Bangladesh, per kg of coarse rice is selling at Tk46-50 in Dhaka. Last month, the price rose to Tk54. This same rice was sold at Tk38 at the beginning of this year. Price of fine rice rise, too, rocketed to Tk 70 in the local market.
50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail