An MOU was signed with Myanmar on September 17 and the cost per ton rice will be $442, according to the Ministry of Food’s proposal. The country is currently is facing a rice shortage of 1.5 million tons. To make sure there is an adequate supply of rice, the government is also going to import a total of 250,000 tons of rice from Thailand and India to shore up depleted stocks of the staple grain, head of the state grain buyer said on Monday, according to Reuters. “We will buy 150,000 tons of parboiled rice from Thailand at $465 a ton and another 100,000 tons from India’s PEC at $455 a ton,” Badrul Hasan of the Directorate General of Food, Bangladesh’s procurement agency, told Reuters. Meanwhile the cost of fine grain rice has been skyrocketing, selling at Tk70 per kg last month.

Source: Dhaka Tribune October 10, 2017 16:41 UTC