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Agriculture minister: Govt to export 1-1.5m ton rice
Tribune Desk
Agriculture Minister Dr Abdur Razzak Mahmud Hossain Opu/Dhaka Tribune
The decision aims to save farmers from losses.
Agriculture Minister Dr Abdur Razzaque yesterday said that the government has decided to export 1–1.5 million tons of rice, aiming to ensure fair prices to farmers.
He disclosed the decision, while speaking at a press conference held at the ministry’s auditorium, discussing the government's steps to counter the low market price of paddy, reports UNB.
The minister said the government is also considering raising incentives to 25% or 30% from the present 20% to encourage rice exports.
"The government has already increased the duty on foreign rice from 28% to 55% to discourage imports," he added.
He emphasized on mechanization and modernization of the agriculture sector to make it more profitable.
The decision comes following widespread protest by farmers about the falling price of paddy in Bangladesh.
Farmers have been counting about Tk300 in losses per maund as paddy prices this year fell drastically.
While protesting in Dhaka, paddy farmers claimed they would be forced to stop growing the crop if the situation persisted.
Agriculture Minister Razzaque attributed the recent fall in rice prices to bumper production amid favourable weather, government incentives, and excessive rice imports.
https://www.dhakatribune.com/bangla...lture-minister-govt-to-export-1-1-5m-ton-rice
Tribune Desk
- Published at 07:29 pm May 30th, 2019
Agriculture Minister Dr Abdur Razzak Mahmud Hossain Opu/Dhaka Tribune
The decision aims to save farmers from losses.
Agriculture Minister Dr Abdur Razzaque yesterday said that the government has decided to export 1–1.5 million tons of rice, aiming to ensure fair prices to farmers.
He disclosed the decision, while speaking at a press conference held at the ministry’s auditorium, discussing the government's steps to counter the low market price of paddy, reports UNB.
The minister said the government is also considering raising incentives to 25% or 30% from the present 20% to encourage rice exports.
"The government has already increased the duty on foreign rice from 28% to 55% to discourage imports," he added.
He emphasized on mechanization and modernization of the agriculture sector to make it more profitable.
The decision comes following widespread protest by farmers about the falling price of paddy in Bangladesh.
Farmers have been counting about Tk300 in losses per maund as paddy prices this year fell drastically.
While protesting in Dhaka, paddy farmers claimed they would be forced to stop growing the crop if the situation persisted.
Agriculture Minister Razzaque attributed the recent fall in rice prices to bumper production amid favourable weather, government incentives, and excessive rice imports.
https://www.dhakatribune.com/bangla...lture-minister-govt-to-export-1-1-5m-ton-rice