In purview of farmers counting losses in Bangladesh, the government has increased the duty on import of the basic staple to protect local produce.

Rice prices have gone up as millers and traders hiked prices banking on the government decision to raise import duty on the cereal to 28 percent from 2 percent, say market insiders.

In 2017, a large quantity of rice was imported from India and mainly from the bordering state of West Bengal. Exact figures of

The government in a desperate move to boost stock is going to import another 1.5 lakh tonnes of rice from India after an initiative to bring in the staple from Cambodia has recently failed.

Food officials have not been properly monitoring the market for long, allowing a section of unscrupulous traders to do business of essentials like rice and wheat without having licence and hoard them.

Failing to import parboiled (Shiddo) rice from Myanmar due to high price, the government yesterday approved another deal to import 50,000 tonnes of rice through international tender.

As rice prices have gone up further in the last four days, the government yesterday said conspiracy has been afoot to destabilise the rice market.

The food ministry yesterday informed the cabinet that 20 lakh tonnes of rice and wheat would have to be imported to meet demand and keep the market stable until January next year.

The price of rice at importer level came down by Tk 2.50 per kg as the latest duty cut became effective yesterday following issuance of a circular by the National Board of Revenue (NBR).

Disclosing for the first time this year's crop loss figure, the government yesterday decided to slash the tax on rice imports to 2 percent from 10 percent.

The first consignment of rice that the government purchased from India has arrived at the Mongla Port and would begin to be unloaded tonight.

Bangladesh yesterday signed a memorandum of understanding with Thailand to facilitate up to 10 lakh tonnes of rice import from the

In a desperate bid to stabilise rice price, the government has decided to further reduce the duty on import of the staple and strike a deal with Thailand to buy rice.

The first consignment of rice imported from Vietnam entered Bangladesh territory this morning.

Rice import by the private sector has dropped to a four-year low at a time when its prices have shot up in the domestic market. Traders imported only 1.2 lakh tonnes of rice till mid-June in the current fiscal year against 2.56 lakh tonnes in the previous fiscal year.

The government will import 250,000 tonnes of rice at Tk 908.85 crore from Vietnam under a government-to-government agreement.

Bangladesh is to import 600,000 tonnes of rice in an effort to replenish reserves and rein in prices of the staple.

With farmers ready to reap rice in the year's biggest rice season -- Boro -- in a week amidst concern over poor market price,

THE government has finally decided to impose a 10 percent duty on foreign rice to curb import of the grain. Needless to say this measure comes too late for the farmers and millers of the country.

Finance Minister AMA Muhith says the government has decided to impose 10 percent tax on rice import.