Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
07/04/2020
Policy Category
Production
Policy Instrument
Government procurement, purchasing prices
Description
Announced that it would purchase 600 000 tonnes of paddy, 1.0 million tonnes of parboiled rice and 150 000 tonnes of white rice from the 2020 Boro harvest, between 26 April and 31 August 2020. This would be up from the 400 000 tonnes of paddy and 1.15 million tonnes of Boro rice purchased the previous season. Prices under the purchase drive would be set to BDT 36 per kg of parboiled rice (USD 415 per tonne), BDT 35 per kg (USD 404 per tonne) of white rice and BDT 26 per kg of paddy bought (USD 300 per tonne).
Notes
Exchange rate as of 15 May 2020.
