Published 04 Mar,2021 via The Financial Express - Bangladesh, after many years, is not in the comfort zone as far as the food security issue is concerned.
A recent report of the Global Agricultural Information network of the United States Department of Agriculture (USDA) has predicted a notable increase in food deficit during the current financial year (FY 2020-21).
The USDA estimates the food deficit at 7.4 million tonnes---1.1 million tonnes of rice and 6.3 million tonnes of wheat---this fiscal. The government might be required to import nearly 7.7 million tonnes, the second-highest quantity since the country achieved its independence. At the current international prices of rice and wheat, the government will have to spend an estimated US$1.8 billion to import such a large quantity of cereals.
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The Financial Express