Trade and markets
 

Detail

Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
24/04/2016
Policy Category
Production
Policy Instrument
Government procurement, purchasing prices
Description
In a move intended to support producers at harvest time, announced that it would purchase 1.3 million tonnes of paddy and rice from the 2016 Boro harvest. Of this volume, 700 000 tonnes would consist of direct paddy purchases from farmers. The procurement drive will span from 5 May to 31 August 2016, at a price of BDT 23 per kg (USD 288 per tonne) for paddy and of BDT 32 per kg (USD 401 per tonne) for rice.
Notes
Exchange rate as of 1 July 2016.