Imported rice from India to reach Mongla port in Jan

Another consignment of rice being imported from India will reach the Mongla port next month, a food department official said Wednesday, reports UNB.

Bangladesh is importing 100,000 metric tonnes of rice from India in a bid to keep the price of rice stable in the local market. Forty per cent of the rice will come through Mongla port.

The imported rice will be supplied to Rangpur, Rajshahi, Barishal and Khulna divisions.

Already, the first consignment of rice (4,200MT) from India has reached the Chattogram port.

The government has signed a deal with PK Agri Link and Rita Impress International Company for the rice import.

Badal Kumar Biswas, traffic and conservator regulators of Khulna division, said "The consignment of rice will reach Mongla port in January and the rest will be brought in phases by March."

Mohamamd Abdus Sobhan, deputy director of traffic and conservator regulators of Khulna division, said the government has taken the initiative to ensure a steady supply of the staple.

"There's no scarcity of rice in 10 districts of Khulna division as 57,422MT rice is in stock," he said.

Besides, the government plans to launch open market sale or OMS in four cities under the division to keep the rice price stable in the local market.

The government is going to purchase 500,000-600,000MT rice, agriculture minister Abdur Razzaque said on 27 December.

Already the rice import duty has been cut to 25 per cent from 62.5 per cent in an effort to keep the rice market stable, food minister Sadhan Chandra Majumder said.

The legal private importers have been asked to apply to the food ministry with all necessary documents within 10 January next year.

"The ministry will give approval for importing a certain amount of rice after scrutinising the applications," said the minister.

Rice prices in Dhaka have increased by 28.06 per cent over the past year despite adequate reserve and import of the staple, putting extra pressure on the people hit hard by the coronavirus pandemic.

Data of the state-run Trading Corporation of Bangladesh (TCB) from 22 December showed that the price of coarse rice increased by 47.69 per cent per kg while that of medium 23.33 per cent and the fine variety 17.14 per cent compared to the previous year.

Each kg coarse rice price rose to Tk 46-50 from Tk 30-35 compared to the previous year while that of the medium variety went up to Tk 53-58 from Tk 40-50 and the fine one increased to Tk 58-65 from Tk 45-60, the TCB data showed.