Trade and markets
 

Detail

Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
04/06/2015
Policy Category
Production
Policy Instrument
Budgetary allocations, production support, Government procurement, food subsidies
Description
As part of its 2015/2016 budgetary allocations, announced that it would keep allotments to agricultural subsidies unvaried at BDT 90 billion (USD 1.1 billion), while continuing credit and input support programs. Additional measures are to include infrastructural improvements, training and extension services, as well as continued support to research initiatives, including those related to breeding of improved rice varieties. The Government has set a target to import 100 000 tonnes in 2015/2016 (July-June), with an additional 1.5 million tonnes to be procured from local markets. Around 2.8 million tonnes of grain (of which 1.7 million tonnes corresponding to rice) are to be distributed under existing welfare schemes, up 9 percent from a revised 2014/15 target.
Notes
Exchange rate as of 15 September 2015.