Traders can now bring 30,000 tonnes of parboiled rice and
379,000 tonnes of boiled rice from abroad.
Rice prices have seen an upward trend in the country
since the start of the Boro harvest season.
In June, the Ministry of Food called for import proposals
from traders and published the names of companies that received permission.
These companies must issue a letter of credit by Jul 21 and market the imported
rice by Aug 11. Failure to issue an LC in time will result in the cancellation
of a company’s allotment.
The price of fine rice increased by Tk 10-15 to Tk 80-85
a kg from two months ago. The price of coarse rice rose by Tk 5 to Tk 55, while
medium-coarse rice is being sold at Tk 58, up from Tk 55.
On Jun 25, authorities cut the import duty on rice to 25
percent from 62.5 percent.