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Private firms to import 15.35 lakh tonnes of rice

  • Staff Correspondent
  • 24 August, 2021 12:00 AM
  • Print news
Private firms to import 15.35 lakh tonnes of rice

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The government has allowed 318 private traders to import 15.35 lakh tonnes of rice to control the soaring prices till Monday.

The ministry of food gave the approval and disclosed the name through four different circular from August 17 to 23 after scrutinizing all application they got.

Of the amount, the food ministry gave approval 42 private companies to import 3.45 lakh tonnes of boiled rice and 65,000 tonnes atap rice on August 17.

They gave approval 71 private organizations to import 3.62 lakh tonnes boiled and 56,000 atap rice on August 18, 92 private organizations to import 3.48 lakh boiled rice and 43,000 tonnes atap rice on August 21, 73 private organizations to import 2.06 lakh tonnes boiled rice and 16,000 atap rice on August 22 and 41 private organizations to import 0.91 lakh tonnes boiled rice and 0.06 lakh tonnes atap rice on August 23, according to the ministry.

National Board of Revenue (NBR) has slashed import tariff on rice to 25% from the existing 62.5% to facilitate private purchase from international sources and to keep prices in cheque.

NBR issued a gazette notification in this regard on August 12.

To encourage the private sector to import the country’s staple in a bid to control the soaring rice prices, the food ministry urged the revenue board to slash the import tariff to allow private businesses to buy 1 million tonnes of grain from abroad and increase supply to the local market last month.

Food Minister Sadhan Chandra Majumdar earlier said that legal private importers have been asked to apply to the food ministry with all necessary documents.

The ministry will give approval for importing a certain amount of rice after scrutinising the applications. A certain amount of rice will be allowed to be imported in a controlled manner.