The price of imported rice has decreased by Tk 5 to Tk 7 per kg depending on the type. Rice prices started falling from Saturday morning (September 3).
288 truckloads of rice imported through Hili land port have been cleared as the government reduced the duty on rice imported from India from 25 percent to 5 percent. As the released rice is sold in various wholesale markets of the country, the price of rice has started to fall.
Assistant Commissioner of Dinajpur Hili Sthalbandar Customs Department. Kamrul Hasan told reporters in his office, “In the circular issued by the Customs Department earlier, rice imported from India was taxed at 25 percent. The Food Department urged importers to import rice as the price of rice suddenly increased due to hoarders and assured them that the tax on rice would be reduced.’
President of the Import Exporters Association of Hili land port. Harul Or Rashid said, “According to the assurance of the Department of Food, 7 importers of Dinajpur Hilli land port opened LCs to import rice from India in the first week of last August. According to the LC, about 9,500 tonnes of rice was imported from India in 288 trucks from August 25 to 28. But the Heli land port customs authorities prevented the release of the rice unless the 25 percent duty imposed earlier was paid. When the issue was published in various newspapers, the amount was reduced to 5 percent in a virtual discussion between the Food Department and the Finance Ministry. As a result, from September 1, the process of redemption at Chal Hili Land Port Panama Port started.
From Saturday morning, the freed rice was released to the wholesale market by trucks in different districts of the country. According to the source, the leaders of Hili Import Exporters Association said that the rice market has decreased from 5 to 7 rupees per kg. As a result, golden rice is sold at Tk 57 per kg, but it is available in the retail market today at Tk 50 per kg. Miniket rice is sold at Tk 70 per kg but it is available at Tk 65. In this way, according to the type of rice, each rice is being sold at a reduction of 5 to 7 per kg.
Rice importer Shah Alam said that they are releasing their imported rice in the market with little profit. He assured that the rice market will come within the purchasing power of the buyers in a short time as they have released the imported rice in the market as per the advice of the Food Department.