Govt importing Indian rice via Singapore to keep prices stable

Although the supplier is from Singapore, the rice is sourced in India, says finance advisor

The government has decided to import rice from India to keep rice prices stable in the market, said Finance Advisor Salehuddin Ahmed.

He shared the information while talking to reporters after a meeting of the Advisory Council Committee on Government Procurement at the Secretariat on Monday. He said that although the supplier was from Singapore, the rice was sourced in India.

He said, "The price of rice has stabilised a little, and is increasing again. Therefore, to ensure that rice prices do not increase, we will import non-basmati rice again."

When asked which country the rice would be imported from, the advisor said: “The non-Basmati rice will come from India. The prices are competitive. However, the supplier is from Singapore.”

"Because, we can’t ask them not to bring from India, or Thailand, Myanmar. They will look for the best price. We’re not biased against any… We’ve focused on quality, timely delivery and proper price.”

He also highlighted that the government wants to present a revised budget by December.