95 private companies to import 0.4m tons of rice - News Summed Up

95 private companies to import 0.4m tons of rice


The government allowed 95 private companies to bring in 409,000 tons of rice after reducing import duty to rein in spiraling prices. Traders can now bring 30,000 tonnes of parboiled rice and 379,000 tonnes of boiled rice from abroad. These companies must issue a letter of credit by Jul 21 and market the imported rice by Aug 11. The price of coarse rice rose by Tk5 to Tk55, while medium-coarse rice is being sold at Tk58, up from Tk55. On Jun 25, authorities cut the import duty on rice to 25% from 62.5%.


Source: Dhaka Tribune July 05, 2022 00:29 UTC



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