Rice prices have risen by 10% in just five days as a result of Dhaka duty cuts.
Prices of Indian rice have risen 10% in the previous five days after Bangladesh reduced import duties and taxes on rice from 62.5 to 25%, encouraging Indian businessmen to rush for export deals with the neighboring country. Bangladesh issued a declaration on June 22 allowing non-basmati rice imports till October 31. Bangladesh is buying rice from India for the first time, since there is concern that India would impose a restriction on rice exports.
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Prices of Indian rice have risen 10% in the previous five days after Bangladesh reduced import duties and taxes on rice from 62.5 to 25%, encouraging Indian businessmen to rush for export deals with the neighboring country. Bangladesh issued a declaration on June 22 allowing non-basmati rice imports till October 31. Bangladesh is buying rice from India for the first time, since there is concern that India would impose a restriction on rice exports.
Read More At : https://www.themediacap.com/
Facebook: https://www.facebook.com/The-Media-Cap-101034409330712
Instagram: https://www.instagram.com/themediacap/
Twitter: https://twitter.com/TheMediaCap
LinkedIn: https://www.linkedin.com/in/the-media-cap-815836242/
Tumblr: https://www.tumblr.com/blog/themediacap
Telegram: https://t.me/themediacap
#themediacap #riceprice #rice #increse #dhaka #duty #cuts #economics #latestnews #dailynews #india #worldnews