Bangladesh stops buying expensive Indian rice

Bangladesh stops buying expensive Indian rice

0 minutes, 42 seconds Read

According to sources, the Food Ministry had requested two government agencies of India to reduce the prices. In response, he agreed to reduce the price by $2 a ton. Meanwhile, Bangladesh registered an increase in procurement of Aman rice from local sources.

On Sunday, the amount of rice procured in the peace season was estimated at 291,000 tonnes, taking the total rice stock in government godowns to 1,580,000 tonnes.

Various sectors, including social security programmes, require 250,000 to 300,000 tonnes per month and the government is estimated to have at least five months’ stock of rice.

Along with this, harvesting of Boro crops will start soon here.

Meanwhile, the government is continuously discouraging imports due to the dollar crunch. The central bank recently estimated its foreign exchange reserves at USD 32 billion.

Considering all these issues, the government has stopped importing rice from two government agencies in India.

1421 Total Views 1 Views Today
Spread the love

Similar Posts