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Govt to buy Boro rice from May 1
Government will procure Boro rice at Tk 32 per kg this year.
Published : 3 March 2015, 02:42 PM
Updated : 11 March 2015, 12:40 PM
That is Tk 1 more per kg over last year's procurement rate.
The rate of paddy has been also raised by Tk 2 per kg from last year. It has been fixed at Tk 22 per kg.
Food Minister Qamrul Islam told reporters on Tuesday that the Boro harvests will be procured from May 1 to Aug 31.
The government will buy 1 million tonnes of rice and 100,000 tonnes of paddy this year, he said.
“The farming cost of 1 kg paddy this year was Tk 20 and for rice it’s Tk 27.50.”
Procurement of wheat will start from Apr 1 and end on Jun 30 at Tk 28 per kg, said the minister.
“The government has set the rate a bit early so that the farmers cannot be manipulated and get a fair price for their harvests,” Islam said after a meeting of the inter-ministerial committee on procurement.
Finance Minister AMA Muhith, Agriculture Minister Matia Chowdhury, Relief Minister Mofazzal Hossain Chowdhury Maya attended the meeting among others.
The food minister claimed that currently the government had around 1.1 million tonnes of cereals in stock, which is more than 350,000 tonnes over last year's stocks.
Also Read: Govt to procure Aman rice at Tk 32 per kg
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