AreaBangladesh

Commodity GroupRice

CommodityAll

Date24/04/2016

Policy CategoryProduction

Policy InstrumentGovernment procurement, purchasing prices

DescriptionIn a move intended to support producers at harvest time, announced that it would purchase 1.3 million tonnes of paddy and rice from the 2016 Boro harvest. Of this volume, 700 000 tonnes would consist of direct paddy purchases from farmers. The procurement drive will span from 5 May to 31 August 2016, at a price of BDT 23 per kg (USD 288 per tonne) for paddy and of BDT 32 per kg (USD 401 per tonne) for rice.

NotesExchange rate as of 1 July 2016.