PRAN-RFL Group and International Rice Research Institute (IRRI) have inked an agreement to purchase 2,500 tonnes premium quality aromatic rice worth about a million dollar from the marginal farmers of the south and south western region of the country.
Eleash Mridha, director of PRAN Group and Timothy Russell, chief of party of the Feed the Future Bangladesh Rice Value Chain Project, signed the deal on Saturday on behalf of their respective organizations at PRAN-RFL Center in the city, a press release said on Sunday.
Mahtab Uddin, chief operating officer of PRAN Agro Business Limited and Yasir Asrafat, manager-project coordinator of Feed the Future Bangladesh Rice Value Chain Project, were present during the signing ceremony.
IRRI is implementing Feed the Future Bangladesh Value Chain project financed by USAID with a view to increasing farmer incomes. IRRI is giving cutting edge technology and training to 8,000 farmers of Jessore, Khulna, Faridpur and Barisal regions.
"This agreement will help PRAN to get good quality aromatic rice from well trained and organized farmers in a reliable and sustainable manner," said Timothy Russell.
"The farmers will improve their livelihoods through cultivating high-yield aromatic rice variety. They will get a buy back guarantee on crops they grow with PRAN support," said Eleash Mridha.