After a bad crop year Bangladesh appears to bounce back with prospect of a good rice output this year. Country’s dependency on rice import is expected to drastically reduce by a fourth from a record import of the staple – 36 lakh metric tons (MT) in 2017-18 marketing year (MY) to just eight lakh MT in 2018-19 MY. Bangladesh’s total rice production is forecast to increase to 3.47 crore MT in 2018-19 MY (May-April) from 3.26 crore MT in 2017-18 MY. USDA largely attributed a higher Boro production for this year-on-year output surge. Last year rice production fell due to a devastating haor flashflood and rice blast attacks. In 2018-19 MY, which begins with the harvesting of Boro, the production of rice is forecast to exceed the government’s target, stated USDA report, as farmers increased cultivation area with an expectation of good prices, and to recoup the Boro and Aman production losses from the previous year. Farmers have switched to Boro rice from wheat and potato cultivation as they attempt to avoid loss from wheat blast and the lower price of potato. GOB’s (Government of Bangladesh) procurement price of Boro and Aman paddy (unhusked) and rice (milled) of last year offers an opportunity to get good prices for this season’s Boro rice,