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Rice traders refuse to unload consignments due to high duty at Hili port

Despite govt’s permission, importers at the Dinajpur-based land port say they are unwilling to proceed because customs duties and taxes remain high UNB Although rice imports through Hili land port have begun, importers have been refraining from clearing their consignments from customs, fearing heavy financial losses due to high import duty. Despite receiving the government’s […]

Rice prices in India jump 14% in two days as traders rush to Bangladesh

By Sutanuka Ghosal Synopsis Rice prices in India have surged up to 14% due to increased exports to Bangladesh, which has temporarily removed its 20% import duty. Traders, anticipating this move, had stocks ready, leading to a supply imbalance and price hikes for varieties like Swarna, Miniket, and Sona Masoori across India. Rice prices in […]