Bangladesh set to export rice for shortage of storage

The government plans to export rice subject to a good yield of Aman production this year, Food Minister Abdur Razzak said yesterday.

“The country’s annual rice production is 3.30 crore tonnes and we have a storage capacity of only 18 lakh tonnes. That is why, we will export some rice next year if the Aman produce is good,” he said.

Food security situation poor in Bangladesh

The minister was speaking at a seminar on ‘Mass Media and Food Security in Bangladesh’, organised by private television station Channel-I on its 14th founding anniversary in the capital.

Razzak said during the harvest season, the governments of different Asian countries purchase rice directly from farmers so that traders could not manipulate food price.

In this regard, he said the present government had taken an initiative to construct silos in indifferent regions with the financial assistance of the World Bank.

These silos would increase the overall foodgrain storage capacity of the government up to 30 lakh tonnes, he added.

Executive Director of Brac Mahbub Hossain presided over the function while director and chief of news of the Channel-I Shaikh Siraj gave the welcome address.