| Bangladesh to buy 1.1 mln tonnes rice from domestic farmers |
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Bangladesh, a delta nation on the Bay of Bengal often lashed by cyclones and floods, maintains emergency food stocks of over 1.0 million tonnes, mainly staple rice. But stocks have been depleted after 500,000 tonnes were sold to keep prices stable in recent months. Bangladesh produces more than 30 million tonnes of rice annually, sufficient to feed its 150 million population. But it often requires imports to cope with shortages cause by natural calamities. Bangladesh, the world's fourth biggest rice producer, plans to import 300,000 tonnes of rice in the current fiscal year through June, food officials said. ($1 = 69.25 taka) (Reporting by Nizam Ahmed; Editing by Ed Lane) |
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