Dhaka : Bangladesh will import 25,000 metric tons of sunned rice from Burma in order to meet domestic demands for the staple, according to a report published by Bangladesh news agency UNB.
The Bangladesh cabinet committee on public purchase, chaired by Finance Minister AMA Muhith, yesterday approved the decision to purchase the rice from Burma at a meeting.
According to the terms of a proposal from the food ministry, Singapore-based Indo-Sino Trade Pte will supply the bulk rice from Burma at a rate of US $395 per ton, the report stated.
The total cost for the rice will come to US $9.8 million. The Indo-Sino Trade syndicate won the contract "as the lowest bidder," said an official from the cabinet division.
U Maung Tun Mya, member of the Arakanese rice merchant association in Sittwe, told Narinjara over the phone that we welcomed the decision of the Bangladesh government to import 25,000 tons of rice from Burma. He said some Arakanese rice associations hope they'll have the opportunity to export Arakanese rice to Bangladesh.
In Arakan State the rice yield was high this paddy season, but the price of rice in local markets has remained unprofitable, and there has been no market for exporting the rice.
According to a local source, a large amount of rice in Arakan State has piled up this year due to a lack of export markets.
5 months ago