Rice Imports Surge in Bangladesh: Duty-Free Policy Brings Relief to the Market

There has been noticeable momentum in rice imports at Benapole Land Port in Bangladesh over the past 8-10 days. According to port officials, a total of 2,100 metric tons of parboiled (non-basmati) coarse rice was imported from India within just six working days. The shipments arrived between January 27 and February 17 in 15 separate consignments carried by 58 trucks. Companies such as Messrs Haji Musa Karim & Sons and Messrs Bhuiyan Enterprise were involved in the imports. To control rising domestic prices, the Bangladesh government has permitted duty-free rice imports. The aim is to strengthen the supply chain and provide relief to consumers. The customs department has been instructed to prioritize clearance of rice consignments to ensure faster supply to the market. The duty exemption is also benefiting Indian rice exporters. Port data shows that between August and November last year, 6,128 metric tons of rice were exported to Bangladesh through the same route. On January 18 this year, the Bangladesh government authorized 232 importers to bring in a total of 200,000 metric tons of rice, with a deadline set for March 3. This indicates that more consignments are likely to arrive in the coming days. The landed cost of the imported rice, including all expenses, is estimated at around ₹50 per kilogram, which is considered significant for maintaining price stability in the market. Port Director Shamim Hossain has clarified that officials have been directed to speed up the clearance process to maintain steady domestic supply, ensuring that rice reaches wholesale and retail markets without delay. Overall, the imports are expected not only to help control domestic prices and ensure adequate availability in Bangladesh, but also to ease recent trade tensions and strengthen commercial ties between India and Bangladesh.

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