Bangladesh: No irregularities in wheat import from US: Food Ministry

The Ministry of Food has clarified that there have been no irregularities, overpricing, or special privileges in the import of wheat from the United States (US). The ministry said that a recent report in a national daily titled “Bangladesh buys US wheat at higher price due to agreement” presented misleading information regarding the government-to-government (G2G) wheat import process, according to a press release. The ministry noted that the report could create a wrong impression among readers, and therefore, accurate information needs to be highlighted. According to the release, wheat is being imported under the G2G arrangement in accordance with the Memorandum of Understanding (MoU) signed between the Governments of Bangladesh and the United States. In this process, an agreement was signed in the first phase to import 220,000 metric tons of wheat at US$ 302.75 per ton (CIF Liner Out). Subsequently, in the second phase under the same process, a contract was completed to procure ...