The government will import 100,000 metric tons (MT) of rice from the international market.
The Cabinet Committee on Government Purchase, in a meeting with Finance Minister AHM Mustafa Kamal in the chair, approved two separate proposals in this regard.
Read more: Rice, wheat import: Bangladesh Bank asks banks to keep minimum LC margin
According to one proposal, placed by the Food Ministry, the Directorate General of Food will import 50,000 MT of non-Basmati boiled rice from M/S Bagadiya Brothers Pvt. Ltd., India at a cost of Tk 210.35 crore.
The supplier was selected through open international tender and each metric ton of rice will cost $393.19 while previous price of similar rice was $443.05.
Under another proposal of the same ministry, the Directorate General of Food will import the remaining 50,000 MT of non-Basmati boiled rice from M/S Agrocorp International Pte. Ltd, Singapore at a cost of Tk 213.40 crore.
Read more: Cabinet purchase body approves import of 50,000MT rice
The supplier was selected through open international tender and each metric ton of rice will cost $397. 03 while the previous price of similar rice was $393.19.