The rice tender, which closes on Jul 9, is the fourth in the outgoing fiscal 2017. Also readCentral bank relaxes rice import rulesOminous signs in rice marketBangladesh initially planned to import 600,000 tonnes of rice to keep the market stable. The depleting reserves have caused rice prices to spiral out of control with millers and wholesalers blaming each other. The government hopes rice prices will ease once imports arrive in the market. Last three months were the worst period when people saw a steep rise in prices of rice of almost all varieties.

Source: bd News24 June 20, 2017 07:41 UTC