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Boro Rice Price Fixed  in Bangladesh


The government will buy Boro paddy at Taka 14 per kilogram and rice at Taka 22 per kg from the first of May, setting the total procurement target at 12 lakh tons.

The direct procurement from the farm level will continue through September this year, giving a declared price support to the farmers as there is going to be a market glut with new harvests.
Of the targeted 12 lakh tons, 1.5 lakh tons will be procured in terms of paddy.
The decision was taken at a meeting of the Food Planning and Monitoring Committee chaired by Food Minister Dr Abdur Razzak.
Finance Minister AMA Muhith and Agriculture Minister Begum Matia Chowdhury were present at the meeting.
"We have fixed the procurement prices to encourage farmers and protect their interest in consultation with economists, civil society, Rice Research Institute," Razzak told a press briefing at his ministry.
The Food Minister said the government will also procure 50,000 to 60,000 tons of 'atap (un-boiled' rice at Tk 21 per kg from May.
He said monitoring committees representing TNOs, Imams, teachers and local elite will be formed to protect the farmers' interest during the procurement drive.
Razzak predicted that the price of rice might little go up, but the government fixed the price taking into account the growers' interest to encourage them to increase food production. In reply to a question, the Minister said the government wants to make the country self-sufficient in food as per its election pledge and strengthen the social safety net.

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