Trade and markets
 

Detail

Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
01/06/2013
Policy Category
Production
Policy Instrument
Budgetary allocations, production support, Government procurement
Description
As part of its 2013/2014 budgetary allocations, set aside Taka 90 billion (USD 1.2 billion) for agricultural subsidies, down from the Taka 120 billion (USD 1.5 billion) allocated under a revised 2012/2013 budget. Additional provisions foresee the maintenance of import duty exemptions on agricultural inputs, the continuation of energy subsidies for irrigation, improved access to credit, distribution of high yielding varieties as well as efforts to expand storage capacity. Up to 1.45 million tonnes of rice are additionally expected to be officially procured from local markets.