Bangladesh to import 1.0mn tonnes rice from Thailand

22 December 2012

Rice
Rice

DHAKA: Bangladesh will import up to 1.0 million tonnes of rice from Thailand next year to prevent a rise in the price of the commodity, the government said on Saturday.

The two countries signed a memorandum during a visit by Thai Prime Minister Yingluck Shinawatra that began on Friday.

The rice crop for the year to June rose to s little over 35 million tonnes from the previous year’s 34.25 million, food officials said. But the country had to import nearly 5.0 million tonnes of grain to ensure stable supplies.

“The purpose of the signing of the MOU is a part of the government’s effort to stabilise prices of rice,” Food Minister Muhammad Abdur Razzaque Said.

Bangladesh imported 250,000 tonnes of rice from Thailand in 2011 under a similar agreement.

Courtesy: Reuters

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