Govt to import 100,000 tons of parboiled rice

23.11.2017

The government has decided to import 100,000 tons of parboiled rice to replenish rice stocks and rein in prices of the staple.

During a meeting on Wednesday, the Cabinet Committee on Public Purchase gave its consent to importing the rice through an open tender.

Emerging from the meeting, Additional Secretary to Cabinet Division Mostafizur Rahman told reporters that six local traders would import 100,000 tons of rice at a cost of Tk427.27 crore according to terms stipulated by the Ministry of Food.

Each ton will cost $442 to $462, he said, adding that the consignment of rice is expected to reach Chittagong and Mongla ports within two months.

The six local rice traders are Mahabub Brothers Pvt Ltd, Aynul Haque Traders, Pubali Traders Ltd, M/S Sumon Flour Mills, M/S Shely Traders, and Biswas Trading and Construction.

The country is currently facing a shortfall of 1.5 million tons of rice as massive amounts of crops were washed away during the recent flooding in different districts.

To refill the stocks and ease the upward pricing pressure, the Food Ministry had taken steps to import 900,000 tonnes of rice, said Food Secretary Md Kaikobad Hossain.

The ministry’s data shows that the country’s rice stock hit a five-year low at 193,000 tons in June.

The stock on November 14, however, rose to 411,000 tons.


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