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Govt to buy another 1.5 lakh tonnes of rice from India Star Business Report Star Business Report The government will bring in another 1.5 lakh tonnes of rice from India to enrich the country's food stock. Finance Minister AHM Mustafa Kamal today gave go-ahead to the import proposals in two cabinet committee meetings. Some 1 lakh tonnes of rice will be imported from the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Ltd, an Indian government organisation on agriculture. The cabinet committee on economic affairs approved the import, the price of which will be decided later after government to government negotiations between the two neighbouring countries.
Cabinet purchases body approves LNG, rice import-545792 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
The government will import at least 10 lakh tonnes of rice from different countries to boost the food grain reserve amid growing concerns over the second wave of the Covid-19 pandemic. The decision came at a time when prices of the staple keep soaring in both retail and wholesale markets and the food grain reserve has dwindled to seven lakh tonnes, almost half of the reserve in the same time last year. Food Secretary Nazmanara Khanum said the country does not have much shortage of rice against demand. "But we have decided to increase rice import at government level, keeping the second wave of Covid-19 in mind, because the government may have to go for food intervention [distributing food free of cost or at reduced price]," she told The Daily Star yesterday.