In a strategic move aimed at curbing the escalating rice prices in the retail market, the government has authorized the immediate import of 83,000 tons of rice by private sector entities. This directive, issued by the Ministry of Food on Thursday, underscores the government’s proactive measures to stabilize rice prices nationwide.
A total of 30 rice importers have been granted official approval to import 49,000 tons of boiled rice and 34,000 tons of non-boiled atap rice, announced M Habibur Rahman Hosaini, Additional Secretary (Procurement and Supply) of the Food Ministry. The aim is to mitigate the rice price hike in the retail market and ensure sufficient rice supply ahead of the upcoming boro harvest.
According to the official order, the private importers are mandated to market the allocated rice quantity by April 25, thereby swiftly addressing the supply-demand gap. Furthermore, the importing companies are instructed to distribute the rice in sacks directly to the market, bypassing the need for repackaging.
This proactive measure not only aims to stabilize rice prices but also ensures timely availability of rice in the market, mitigating any potential scarcity concerns. With the public sector maintaining substantial food reserves, comprising rice, wheat, and paddy, the government remains committed to addressing food security challenges and safeguarding consumer interests.
