The New Nation - Internet Edition

Staff Reporter

Bangladesh has signed an agreement in New Delhi for importing 4 lakh metic tonnes of rice from India.

Commercial Councillor of Bangladesh High Commission Wasi Uddin Ahmed and S Sircar, Chief General Manager of State Trading Corporation of India Limited (STC), YN Bargob, Chief General Manager, Minerals and Trading Corporation (MMTC) and YK Join of National Agriculture Co-operative Marketing Federation of India Limited (NAFED) and Ravi Kumar, Executive Director of PEC Limited signed the deal on behalf of their respective sides, says a handout of Food and Disaster Management Ministry.

Under the agreement the rice would reach Bangladesh within 60 days from the opening date of Letter of Credit (LC).

As per the deal Bangladesh would import rice at $430 per metric tonne.

On the first 30 days 1 lakh metric tons of rice would arrive and rest 3 lakh metric tons of rice reach within another 30 days to Chittagong port.

Meanwhile, 12 thousand metric tonnes of rice have already arrived in the country and 46,700 metirc tonnes would arrive by April 10 under the accord with West Bengal Essential Commodities Supply Corporation (WBECSCL) through ships, trucks and railways.