Govt approves import of 220,000 metric tonnes of wheat from US

The Advisers Council Committee on Government Purchase on Tuesday approved a proposal to procure 220,000 metric tonnes of wheat from the United States under a Government-to-Government (G2G) arrangement.

The approval came from a meeting of the Advisers Council Committee on Government Purchase held virtually with Finance Adviser Dr Salehuddin Ahmed in the chair.

The Ministry of Food proposed the  import which will be executed by the Directorate General of Food.

The wheat will be supplied by Agrocorp International PTE Ltd, authorized by U.S. Wheat Associates.

The consignment will cost Tk 8.42 billion, with the price set at US$312.25 per metric ton.

Officials who were present in this meeting said the import is intended to bolster public food stock and ensure adequate supply for social safety net programmes.