• Wednesday, Aug 17, 2022
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Govt to buy 1.8 million tons of Boro rice this year

  • Published at 01:21 pm April 26th, 2021
Boro paddy
Photo: Dhaka Tribune

Rice price set at Tk40 per kg and paddy at Tk27

The government has set a target to purchase 1.15 million tons of rice and 650,000 tons of paddy for the current Boro season.

Food Minister Shadhan Chandra Majumder made the announcement on Monday at a virtual press meet.

The government will buy one million tons of parboiled rice at Tk40 per kg and 150,000 tons of Atap or sundried rice at Tk39. Paddy will be brought at Tk27 per kg.

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The procurement of Boro paddy will start on April 28 and rice on May 7. It will end on August 31, said the minister.

In a bid to ensure fair price for growers, private traders will not be allowed to import rice after April 30, said Minister Majumder.

“Private traders, who opened LCs [letters of credit] to import between February 15 and March 25, have to ensure that their product reaches the market by April 30,” he said.

The chief of the food directorate was made aware of the deadline in a letter on April 23, added the minister.

“Private imports will not be allowed after April 30. The move has been taken for the benefit of the local farmers,” said Majumder.

The government has floated international tenders to boost the reserve, he said before adding: “Most of the shipments have arrived, the rest are on the way.”

Figures posted on the Food Ministry's website show that the grain stock in government warehouses until April 22 stood at 493,000 ton, of which rice accounts for 305,000 ton.

The food reserve has hit the lowest in recent years. Grain stock stood at 1.12 million ton in July last year.