Rice procurement gets lukewarm response
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Dhaka, Nov. 28 -- Rice procurement during this Aman season is facing a setback due to higher prices of the staple in the mainstream market than that of the government's asking rate.
The lower price offers have so far failed to attract adequate response from the millers and farmers as only 287 tonnes of rice and paddy (2.0 tonnes) could be purchased in the first three weeks, according to the Directorate General of Food (DGoF).
The food ministry has set a target to buy 0.5 million tonnes of rice at Tk 43 a kg from the millers and 0.3 million tonnes of paddy at Tk 28 a kg from farmers during a period between November 7, 2022 and February 28, 2023.
As of November 27, the mill-gate price of newly harvested coarse rice was Tk 46-48 kg while ...
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