Floods destroy 1.1 mln tons of rice in Bangladesh
agriculture ministry, prompting the country to ramp up imports of the staple grain amid soaring food prices.
Floods brought by heavy monsoon rains and torrential upstream runoff struck the country in two major waves in August and October, claiming at least 75 lives and affecting millions, particularly in the eastern and northern regions where crop damage has been the most severe.
The agriculture ministry said this year's flooding has resulted in a substantial loss of rice production. In response, the government is moving quickly to import 500,000 tons of rice and is expected to permit private sector imports soon, a food ministry official said.
The interim government, which took power in August after deadly protests forced former Prime Minister Sheikh Hasina to flee to India, has been struggling to stabilize food prices that have surged nearly 20% in recent months.
Higher imports by Bangladesh could lift shipments from neighbouring India, the top global rice exporter, which last month cut the duty on parboiled rice exports to 10%.
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