AreaBangladesh

Commodity GroupRice

CommodityAll

Date01/06/2017

Policy CategoryProduction

Policy InstrumentBudgetary allocations, production support, Government procurement

DescriptionAnnounced that allotments for agricultural subsidies would be kept steady at BDT 90 billion (USD 1.1 billion), in its 2017/2018 budgetary allocations. In support of the agricultural sector, steps would be taken to arrest encroachment of agricultural land, reduce post-harvest losses, expand irrigation coverage and advance research and supply of improved seed varieties, including through genetic engineering. Incentives to promote mechanisation would also continue. A rice import target of 600 000 tonnes was set for the 2017/2018 fiscal year (July-June). The Government would seek to purchase a separate 1.6 million tonnes of rice locally in 2017/18, compared to 1.85 million tonnes the previous year.

NotesExchange rate as of 1 July 2017.