As per local information available, it has been indicated that the government of Bangladesh is planning to lower the price of rice sold under the open market sale (OMS) program from next month to speed up the disposal of stocks. In this matter, the Food Minister quoted that the prices of rice and atta will be re-fixed so that it could bring more people under the on-going OMS programme. However, currently the rice is sold under OMS at Tk 24 per kilogram (around $299 per ton).
Further, it has been indicated that the government is keen on disposing off the existing stocks before the new harvest comes up. The country’s public warehouses have the capacity to store 2 million (20 lakh) tons of food grains. It was added that more space will be provided for the warehouses from December so that it could store Aman rice and paddy. At present, the government’s stocks stand at around 1.7 million tons, which is up about 300,000 tons from the last year. It was also narrated that the Food Planning and Monitoring Unit (FPMU) will decide the procurement price of upcoming Aman (July – December) rice on November 12, 2015. In this regard, the decision was taken at the meeting of the FPMU on October 29, 2015.