Monday, December 03, 2007

Cyclone Destroys $291 Million Bangladesh Rice Crops, AFP Says

By Simeon Bennett

Dec. 2 (Bloomberg) -- A cyclone that killed at least 3,200 people in Bangladesh last month also destroyed $291 million of the nation's winter rice crop, Agence-France Presse reported, citing the state-run news agency BSS.

Bangladesh plans to import 1 million metric tons of food grains in addition to 1.1 million tons it's already shipped from overseas, and allow private companies to import another 900,000 tons, AFP said, citing BSS.

Bangladesh faces a shortfall of 3.1 million tons to meet domestic demand in the year ending June 2008, AFP said. The damage caused by Cyclone Sidr, which smashed into the nation on Nov. 15, follows the loss of summer crops of rice and other food grains caused by heavy floods in July and August, the agency said.

Last Updated: December 2, 2007 03:52 EST