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BANGLADESH TO IMPORT 100,000 TONS OF RICE FROM MYANMAR
9/18/2017

DHAKA TRIBUNE (18/09/2017)

BANGLADESH TO IMPORT 100,000 TONS OF RICE FROM MYANMAR

Each ton of rice imported from Myanmar will cost $442 or Tk35,360

The governments of Bangladesh and Myanmar have signed a treaty to import rice. On Sunday evening, Food Secretary Md Kaikobad signed the treaty with Aung Than, vice-president of Myanmar Rice Federation. The representatives have 10 days to ratify the treaty with their respective heads of government.

The treaty was confirmed by Food Minister Advocate Kamrul Islam on Monday afternoon.  The minister told the media that Bangladesh proposed to import 1m tons of rice initially, but Myanmar only agreed to export one-tenth of the amount.

Each ton of rice imported from Myanmar will cost $442 or Tk35,360.

When asked how long it will take for the imports to start, the food minister said the proposal will have to be approved by the prime minister and several Cabinet Division committees.

“Following their approval, we will open an LC to begin the imports,” the minister told the reporters.

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