Dhaka, Bangladesh (BBN)- Bangladesh signed a memorandum of understanding (MoU) with Thailand on Thursday to import 1.0 million tones of parboiled rice annually from Thailand.
Under the deal, Bangladesh may import up to 1.0 million tone of Thai standard parboiled rice subject to production situation in both the countries at an agreed price prevailing at the time of contract.
The MoU will remain effective until February 28, 2013 and might be extended further through mutual consent.
Thai Commerce Minister Boonsong Teriyapirom and Bangladesh’s Food Secretary Barun Dev Mitra penned the deal on behalf of their governments, a press statement of the Ministry of Food and Disaster Management said.
Last year, Bangladesh purchased 200,000 tones of parboiled rice from Thailand under a state arrangement.
BBN/SSR/AD-16Mar12-8:50 pm (BST)
