The government has decided to import 150,000 tons of parboiled rice from Thailand, and procure another 100,000 tons from local traders at a total cost of Tk1017.14cr to boost domestic food grain reserves. After the meeting, Additional Secretary of Cabinet Division Mostafizur Rahman said: “A total of 150,000 tons of rice will be imported from Thailand at a cost of Tk578.92 crore. “The remaining 100,000 tons will be supplied at a cost of Tk438.22 crore by local traders, who import rice from India, Thailand, Pakistan and Vietnam. According to the Food Ministry proposals, the negotiations between Bangladesh and Thailand ended successfully with the Thai government agreeing to sell rice at $465 per ton. As of October 18, Bangladesh had a reserve of 499,000 tons of food grains, including 396,000 tons of rice.

Source: Dhaka Tribune October 26, 2017 08:26 UTC