Bangladesh: Govt to cut tender submission time for rice import

The government is going to cut the tender submission period for the import of rice in a bid to ensure food security in the country.

The Ministry of Food has sent a proposal to the Cabinet Committee on Economic Affairs to shorten the period from existing 42 days to 15 days.

According to sources in the ministry, 500,000 metric tons of rice will be procured from international sources in the current financial year by reducing the import period. A proposal in this regard from the Ministry of Food will be presented in the next meeting of the Cabinet Committee on Economic Affairs for approval.

To ensure food security in the country, the government has set a target to collect 24 lakh 61 thousand metric tons of rice in the current financial year 2023-2024. Out of this, 19 lakh 61 thousand metric tons of rice will be purchased from domestic sources and 5 lakh metric tons of rice from international sources. Among international sources, there is a plan to import 3 lakh metric tons of rice from the Government-to-Government (G-to-G) level and 2 lakh metric tons through international tenders.

this article has been republished from Risingbd