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Consumers in hardship as rice prices keep surging

Govt goes for bulk import as rice prices drop in international market. ANM Mohibub Uz Zaman When consumers are already grappled with soaring commodity prices, retail prices of all varieties of rice have jumped in kitchen markets, thanks to crop losses due to adverse weather conditions, including the recent floods. According to Shahzahan Talukder of […]

Rice shortage caused due to increased use in beer production: Mill Owners

CHATURANGA PRADEEP SAMARAWICKRAMA Colombo, November 7 (Daily Mirror) – The Small and Medium Scale Rice Mill Owners’ Association claimed today that the growing rice shortage in the market is due to increased use of raw rice for beer production. They explained that Nadu paddy, used to make raw rice for brewing, is being diverted from […]

Import duties on rice withdrawn to ensure adequate supply

To bolster food security and ensure that rice remains accessible to the general population, the National Board of Revenue (NBR) has announced withdrawal of import duty and regulatory duty on rice. The announcement was made from the NBR’s headquarters. This initiative aims to increase the supply of rice in the market, thereby keeping prices within […]

Global rice prices drop over 10% after India lifts all curbs on exports

Arrival of new crop in Pakistan, Myanmar add to the pressure on the market. By Subramani Ra Mancombu Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of India lifting all curbs on exports and arrivals of new crops in Pakistan and Myanmar, traders said. […]

Tariff Commission recommends total removal of import duty on rice

The commission’s report notes that, due to a potential rice shortage, the government lowered the import duty from 62.5% to 25% on 20 October. The Bangladesh Trade and Tariff Commission has recommended the complete removal of the current 25% import duty on rice to enable lower-cost imports, citing high global rice prices. According to the […]

Pakistan’s rice exports surge, earning over $720 million in first quarter

In Sept alone, Pakistan exported 374,000 metric tons of rice, generating $257.2m in foreign exchange. Zaheer Ali Khan Pakistan has witnessed a significant rise in the demand for its rice in international markets, earning over $721.8 million in foreign exchange from rice exports during the first quarter of the current fiscal year. According to official […]

Import, regulatory duties reduced to boost rice supply in market

Rice price expected to drop by Tk14.40 per kilogram. The government has reduced import duty and regulatory duty on the import of rice alongside withdrawing advance tax to keep the price of rice within the purchasing power of the general public. The National Board of Revenue (NBR) issued a gazette notification in this regard on […]