DHAKA (The Thursday Times) — Bangladesh’s interim government has approved the purchase of 50,000 tonnes of sun-dried rice from Pakistan’s Trading Corporation of Pakistan (TCP) at $395 per tonne, moving to shore up public food stocks as officials keep watch on domestic prices.
The decision was taken at a meeting of the Advisers Council Committee on Government Purchase, chaired by Finance Adviser Salehuddin Ahmed, according to Bangladeshi media reports.
The procurement is structured as a government-to-government arrangement, a route Dhaka has increasingly used to secure staple imports on set terms when market conditions are uncertain.
The same meeting also approved buying another 50,000 tonnes of rice from India, bringing the total approved imports to 100,000 tonnes, as the government seeks to build a buffer that can be deployed to dampen volatility.∎
