Trade and markets
 

Detail

Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
05/06/2014
Policy Category
Production
Policy Instrument
Budgetary allocations, production support, Government procurement, food subsidies
Description
As part of its 2014/2015 budgetary allocations, decided to maintain allotments to agricultural subsidies steady at Taka 90 billion (USD 1.1 billion), while continuing credit and input assistance programs and the distribution of high yielding seed varieties. Additional provisions include the continuation of efforts to expand storage infrastructure, as well as efforts to intensify agricultural research and the development/use of organic technology and genetic engineering. The rice import target for the 2014/2015 fiscal year (July-June) was set at 200 000 tonnes, while a further 1.4 million tonnes of rice are to be locally procured by the government. Distribution of foodgrains is to be raised 7 percent above the revised target for 2013/14 to 2.74 million tonnes, of which 1.6 million tonnes are expected to be rice.
Notes
Exchange rate as of 15 June 2014.