10 lakh tonnes of Thai rice to be imported annually
Bangladesh on Thursday signed a memorandum of understanding (MoU) with Thailand to import 10 lakh tonnes of rice annually from the Southeast Asian rice-exporting nation.
The MoU will remain effective until February 28, 2013 and can be extended further through mutual consent.
Bangladesh can import up to a million tonnes of standard parboiled rice subject to production situation in both countries at an agreed price prevailing at the time of the contract.
Last year, Bangladesh purchased two lakh tonnes of parboiled rice from Thailand under state arrangements.
Thai Commerce Minister Boonsong Teriyapirom and Bangladesh's Food Secretary Barun Dev Mitra signed the MoU on behalf of their respective governments, says a press release.
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