Bangladesh will reduce rice import duty to 25 per cent

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Mumbai, Ta. 28 December 2020, Monday

Bangladesh will reduce its duty on imported rice to curb rising domestic prices. Bangladesh has also decided to import rice from India after a gap of three years to build rice stocks.

The import duty on rice in Bangladesh will be reduced from 2.50 per cent to 5 per cent, said Food Minister Sadhan Chandra Majumdar. Increased. Bangladesh is the third largest producer of rice in the world.

Bangladesh's annual rice production is around 24 million tonnes. Bangladesh plans to import five lakh tonnes of rice by the end of June, of which 1.5 lakh tonnes will be procured from India.

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