# Govt embarks on import to tame rice market

> Bangladesh's government has launched public and private rice import tenders, seeking 200,000 tonnes after a flood-hit Aman crop and record domestic prices. The import tariff was cut from 62.5% to 2% in late October.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: trade · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/10454-govt-embarks-on-import-to-tame-rice-market
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Bangladeshi demand for imported rice supports global rice prices, although the volume is modest relative to world trade.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-10-31 | [India to export rice to Bangladesh - Market News \| The Financial Express](https://feedsoft.ai/events/68434-india-to-export-rice-to-bangladesh-market-news-the-financial-express.md) | -1.8% | +7.5% |
| RICE | 2018-08-13 | [Missouri rice farmers eye export market on banks of Nile River \| STLPR](https://feedsoft.ai/events/63598-missouri-rice-farmers-eye-export-market-on-banks-of-nile-river-stlpr.md) | -1.9% | +2.5% |
| RICE | 2022-11-16 | [Vietnam rice prices gain top spot on global markets](https://feedsoft.ai/events/38754-vietnam-rice-prices-gain-top-spot-on-global-markets.md) | +0.9% | -5.8% |
| RICE | 2017-03-01 | [Colombia to Remove Import Restrictions on U.S. Rough Rice \| USA Rice Federation](https://feedsoft.ai/events/72060-colombia-to-remove-import-restrictions-on-u-s-rough-rice-usa-rice-federation.md) | -0.1% | +5.1% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |

## Sources

- dhakatribune.com: https://www.dhakatribune.com/bangladesh/government-affairs/369452/govt-embarks-on-import-to-tame-rice-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.