rice Photo: Collected
rice Photo: Collected
The price of imported rice has decreased by Tk 5 to Tk 7 per kg. 288 truckloads of rice imported through Hili land port were cleared as the government reduced the duty on rice imported from India from 25 percent to 5 percent. As the released rice was sold in various wholesale markets of the country, the price of rice began to fall. The price of rice in the market is seen to decrease from this Saturday morning.
Assistant Commissioner of Dinajpur Hili Sthalbandar Customs Department. Kamrul Hasan told the reporters at his office at 2 pm on Saturday, ‘In the previous circular issued by the Customs Department, rice imported from India was taxed at 25 percent. The food department urged importers to import rice and assured them that the tax on rice would be reduced as the price of rice suddenly increased due to hoarders.’
Dinajpur Hili Land Port Import-Exporter Association President Md. Harul Or Rashid said that seven importers of Dinajpur Hilli land port opened LC in the first week of August to import rice from India as per the assurance of Food Directorate. According to the LC, from August 25 to 28, about 9,500 tons of rice was imported from India in 288 trucks. However, the Heli land port customs authorities prevented the release of rice unless the 25 percent tax imposed earlier was paid. After the issue was published in various newspapers, the tax amount was reduced to five percent in virtual negotiations between the Food Department and the Finance Ministry. As a result, the process of unloading the rice at Hili Land Port Panama Port started from last Thursday.
The rice released from this morning is released to the wholesale market by trucks in different districts of the country. Leaders of the Hili Import-Exporter Association said the price of rice has come down from Rs 5 to Rs 7 per kg. As a result, golden rice is sold at Tk 57 per kg but today on Saturday it is available in the retail market at Tk 50 per kg. Miniket rice is sold at Tk 70 per kg but it is available at Tk 65.
Rice importer Shah Alam said that they are releasing the imported rice in the market at a low profit. Because, according to the advice of the Food Department, as they release the imported rice in the market, the rice market will come within the purchasing power of the buyers in a short period of time.