Three days after the release of rice at Hili port, the price has started to fall

Three days after the release of rice at Hili port, the price has started to fall
Three days after the release of rice at Hili port, the price has started to fall

The price of rice imported from India through Hili land port of Dinajpur has decreased by 2 to 4 rupees per kg at wholesale and retail level after 3 days. After submission of bill of entry of rice at Hili Customs at noon last Tuesday (August 30), the rice clearance process started after customs clearance.

Today Saturday (September 3) at noon in Hili Bazaar, it is seen that golden rice has reduced by 2 taka to 50 taka, 28 varieties of rice have reduced by 2 taka to 56 taka and miniket rice has reduced by 4 taka to 66 taka per kg.
Abdur Rahman, who came to buy rice in Heli market, said that the price of Swarna-5 variety of rice was 52 taka, today it is 48 taka. I bought 10 kg of rice.
Meanwhile, Babul Hossain, a rice seller in Hili Bazar, said that the price of rice in Hili Bazar has started to decrease due to the low duty on rice import and the sale of OMS rice. The price has decreased by 2 to 4 rupees per kg depending on the type. He also said that if the import of rice from India continues, the price may fall further.
The rice importers of Hili land port said that when the rice market in the country rises, the rice import duty was reduced from 62.5% to 25% to keep the rice market normal, and the importers started importing rice through the port from July 23. Due to the increase in the price, rice imports were incurring losses. Therefore, trucks loaded with rice were left at the port for 25/30 days without clearing the rice in the hope of lowering the duty. Due to this, about 12 and a half thousand tons of rice got stuck in 306 trucks at the port, causing a product jam. Then last Sunday (August 28) night, the government announced a further reduction in rice duty from 25% to 15%. The next day on Monday (August 29) it was not possible to release the rice from the port due to paperwork complications, but the rice release process started from the next day on Tuesday (August 30). Meanwhile, rice release from the port is going on slowly.
According to Hili land port sources, from last August 30 till Saturday, about 5500 metric tons of rice has been cleared from 137 Indian trucks. In addition, approximately 5,500 metric tons in 139 trucks are awaiting release.
Harun Ur Rashid Harun, president of Hili land port import-export group, said, we have continued to import rice. More enough rice will be imported. Hope the price will come down further.


The article is in Bengali

Tags: days release rice Hili port price started fall

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