AreaBangladesh

Commodity GroupRice

CommodityAll

Date27/11/2016

Policy CategoryProduction

Policy InstrumentGovernment procurement

DescriptionAnnounced that it would purchase 300 000 tonnes of rice from the 2016 Aman harvest. The procurement drive will run between 1 December 2016 and 15 March 2017, offering BDT 33 per kilo (USD 426 per tonne) purchased, up 6 percent from prices offered the previous year. Successive decisions raised the procurement target for this crop to 500 000 tonnes of rice.

NotesExchange rates as of 1 December 2016.