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50,000 tonnes of rice to be imported


Posted on Monday, August 6th, 2007 at 9:11 pm
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The advisers’ committee on purchase yesterday approved import of 50,000 metric tons of rice from India at a price higher than local market price.

A meeting of the committee chaired by Finance Adviser Mirza Azizul Islam gave the approval for rice import to supplement the government’s rice stock.

LMJ International Ltd, an Indian company, has been selected as the lowest bidder to supply rice worth Tk128.58 crore. The company offered $349.90 per metric ton, while two other Indian bidders offered $368.11 and $372 for the same quantity of rice.

Following the decision, the government will have to pay Tk 24 for per kilogram of coarse rice, whereas the price is Tk 22 in the local market.

The government has decided to import rice at this time to meet its rice procurement target, the finance adviser explained.

“As we need to increase the supply of rice to the local market, the stocks should be strengthened by importing rice, ” he further said.

Besides, Tk 882 crore has been allocated in the budget for purchasing 4.50 lakh metric tons of rice in the current fiscal year.

The meeting also approved to purchasing a leased airbus for Biman Bangladesh Airlines. The government will have to pay an additional $23 million within next three years for it.

The committee members decided to procure 1.86 lakh metric tons of urea fertiliser and also approved the proposal of appointing international consultant for Siddhirganj peaking power plant.

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This entry was posted on Monday, August 6th, 2007 at 9:11 pm and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “50,000 tonnes of rice to be imported”

  1. 1
    WELL WISHER Says:

    i unrestand that director general of food has floated tender for procurement of imported rice from domestic market.data say dealer/trqaders have already imported BOUT 75000 MTS OF RICE IN BANGLADESH.ALTIMATE MOTO OF THIS IMPORT BY PRIVATE TRADERS IS TO SUPPLY TO DIRECTOR GENERAL OF FOOD/BANGLADESH.

    DIRECTOR GENERAL OF FOOD SHOULD NOT BUY THIS RICE AND ONCE DIRECTOR GENERAL OF FOOD SCRAPES THE TENDER LTIMATE RICE WILL BE SOLD IN LOCAL MARKET AND WITH THIS FLOW LOCAL RICE MARKET WILL FALL AND CONSUMER WILL GET BENEFIT OUT OF THIS.

    DEAR EDITOR I AM WRITING HTIS LETTER TO YOU WITH ONE REASON ONLY THAT IS , IF YOU TAKE UP THE MATTER WITH DIRECTOR GENERAL OF FOOD IT WILL BE MORE FRUITFUL AND WILL BE IN FAVOUR OF CONSUMER.

    HOPE YOU WILL ATLEAST GIVE VIDE PUBLICITY TO THIS ISSUE AND HOPE DG FOOD WILL AGREE TO MY VIEW POINT.

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