Govt to buy 50,000 tonnes rice from Thailand

MNA Business Desk: The government has cleared a proposal to buy 50,000 tonnes rice from a Thai company through international tender, reported news agency.

The cabinet committee on government purchase approved the proposal to buy the parboiled rice at $438 per tonne at a meeting chaired by Finance Minister AMA Muhith on Wednesday.

Siam Rice Trading (Thai) Company Limited will supply the rice at Tk 1.81 billion as the lowest bidder, Additional Cabinet Secretary Mostafizur Rahman told reporters after the meeting.

The crisis has pushed rice prices through the roof. Even the price of rice at the government’s Open Market Sale programme for the poor has doubled to Tk 30 per kilogram.