The government indecision over procurement and tax cut in import has contributed to the hike in rice price recently, according to the World Bank. “About the recent hike in rice price, there are a series of generalised comments. The government indecision over procurement to meet the shortage and cut in import tax played a crucial role, observed the economist. As a result, a good number of rice-laden trucks were deliberately waiting on the border to enjoy more duty cut which pushed the rice price up, said Zahid. Following the price hike, the government has cut import duty by 26%.

Source: Dhaka Tribune September 27, 2017 19:07 UTC