The government of Bangladesh is likely to import 100,000 tons of boiled rice from India. The government has taken the decision in order to meet the growing domestic demand caused by the huge loss of corps in the recent fatal flood. According to an official from the Food Ministry, Bangladesh is likely to purchase the whole amount of rice at the sum of Tk 377.65 crore, each ton estimating $455 or Tk37,487. The deal would be conducted on the basis of government-to-government (G2G). The proposal of the ministry is likely to be placed at the meeting of the cabinet committee on October 18 on the public purchase and economic affairs.
An official remarked that the alternative chairman in the chair as Finance Minister AMA Muhith is presently attending the meeting of World Bank and International Monetary Fund. He also confirmed that each ton of rice from India would cost more than Tk823 if compared to the rice imported from Myanmar. It would be relevant to admit that such a huge amount of rice have never been imported from India in previous years. On September 3, India had decided to sell abroad about 500,000 tons of parboiled rice in order to make a safeguard stock.
According to the proposal of Food Ministry, the agro cooperative National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), authorised Government of India would sell the rice to Bangladesh. Presently the nation is suffering a shortage of 1.5 million tons of rice caused by the fatal flood that affected a huge portion of the country. Till now, about 150,000 tons of rice had been sold out to Bangladesh by different private traders from India.