Updated Monday, May 12, 2008 0:00 am TWN, AFP Bangladesh to beef up on rice stockpilesThe government will build a stockpile of 3.2 million tons of rice, nearly double the previous record for emergency stocks, food and agriculture minister A.M.M. Shawqkat Ali said. “Previously we built stocks of as much as 1.7 million tons. We use it for food aid and food-related development work,” the minister said. “We are confident this will make us immune from any food crisis caused by global commodity spikes or any natural disaster,” he said. The minister said the government would set aside a record amount of cash in the budget to be announced in June to buy at least 2.5 million tons of rice from farmers, while another half a million tons would be imported from India. “Besides, the United States, the Asian Development Bank and the World Bank have said they would give us some food aid,” he added. Impoverished Bangladesh has been hit by a food crisis after floods in July and August and a devastating cyclone in November caused rice prices to double. The government has distributed cheap food to tens of millions of poor people to try to address what one former minister has described as “silent famine.” But annual food inflation has stayed above 12 percent since December and many poor Bangladeshis say the price hikes have forced them to get by on just one meal a day. Ali said a bumper dry season rice crop now being harvested by farmers across the South Asian nation had already eased price pressure, while steps were being taken to reap a record crop in the upcoming wet season. Private firms and the government have also imported around 3.5 million tons of food to tackle shortages. Last week the government banned exports of rice for six months. The head of the army early this week launched a campaign urging citizens to supplement their diet with potatoes. Subscribe to The China Post and save. Click here | Other Breaking News Most Read |