Loading…
Bangladesh cut its rice import duty from 62.5% to 25% until October 31 to boost supply and cool domestic prices. Importers need food ministry approval for each consignment.
Rice prices had jumped amid flood and weather concerns during the Boro harvest.
Lower Bangladeshi import duties raise import demand from global exporters such as India, Thailand and Vietnam, supporting international rice prices.
online.thedailystar.netStar Business ReportJun 23, 2022After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
