DHAKA May 9 Bangladesh’s state grains buyer
will import 600,000 tonnes of rice in an effort to replenish
reserves and tame prices of the staple, the agency's head told
Reuters on Tuesday.
Authorities are also considering waiving the tax on rice
imports, said Badrul Hasan, the head of the Directorate General
of Food, as local rice prices have hit a record high and state
reserves for the grain are at a six-year low.
The state buyer floated a tender to import 50,000 tonnes of
parboiled rice on Tuesday, its first such tender in many years,
after flash floods hit fields about to be harvested, potentially
wiping out 700,000 tonnes of crops.
“We are going to issue another tender very soon,” Hasan
He said the state agency also plans to import rice through
government-to-government deals such as Thailand, Vietnam and
India as imports through tenders are lengthy process.
(Reporting by Ruma Paul; Editing by Christian Schmollinger)