10 companies get permission to import rice
Published: 12:53 PM, 5 January 2021
The government permitted 10 private companies to import 1 lakh five thousand tonnes of rice on condition to control the market. A letter of permission was sent to the Secretary of the Ministry of Commerce from the Ministry of Food on January 3.
The letter has been mentioned that rice which is not basmati with a maximum of 5 percent broken grains, can be imported on condition after screening from the applicants.
Of the 10 private companies, Henna Enterprise of Joypurhat district has been permitted to import 10,000 tonnes of rice, Renu Construction of Dinajpur for 15,000 tonnes, Kazi Sobhan Trading Corporation of Khulna for 10,000 tonnes, Alal Agro Food Products for 10,000 tonnes and Alal Enterprise of Bogura for 5,000 tonnes, Deepto Enterprise of Naogaon for 10,000 tonnes, Akash Enterprise for 10,000 tonnes, Ghosh Automatic Rice Mill for 15,000 tonnes, Mss Nurul Islam for 10,000 tonnes and Jagdish Chandra Roy for 10,000 tonnes rice.
In terms of rice imports, the Letter of Credit (LC) must be opened within seven days of the issuance of this allotment. The companies have been asked to inform the Food Ministry immediately after the LC opening.
Among the traders who have been allotted 5,000 tons, they have to market 50 percent of the rice locally within 10 days of opening the LC and the rest within 20 days.
The ministry has also stipulated that the companies that have been allotted 10,000 to 20,000 tonnes will have to market half of their rice locally within 15 days of opening the LC and the rest within 30 days.