# Bangladesh slashes rice import tariffs to 25 percent | The Daily Star

> 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.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: policy · region Bangladesh · magnitude medium
- Page: https://feedsoft.ai/events/41018-bangladesh-slashes-rice-import-tariffs-to-25-percent-the-daily-star
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Bangladeshi import duties raise import demand from global exporters such as India, Thailand and Vietnam, supporting international rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-10-05 | [Rice export ban: Commerce ministry clarifies there's no export ban, to carry 20% duty \| Times Now](https://feedsoft.ai/events/39077-rice-export-ban-commerce-ministry-clarifies-there-s-no-export-ban-to-carry-20.md) | -1.4% | +1.5% |
| RICE | 2023-07-20 | [Why Indian rice export ban is so important to global trade \| Reuters](https://feedsoft.ai/events/35005-why-indian-rice-export-ban-is-so-important-to-global-trade-reuters.md) | +1.3% | -0.6% |
| RICE | 2026-01-22 | [DA aligns with millers, importers to support local farmers, stabilize rice supply \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/12592-da-aligns-with-millers-importers-to-support-local-farmers-stabilize-rice-supply.md) | +2.0% | -5.8% |
| RICE | 2020-06-16 | [Indian Government Has Imposed A 20% Duty On The Export Of Parboiled Rice Basmati Rice , - Eastgate Export](https://feedsoft.ai/events/52579-indian-government-has-imposed-a-20-duty-on-the-export-of-parboiled-rice-basmati.md) | -16.1% | -3.0% |
| RICE | 2023-07-20 | [Centre bans export of non-basmati white rice to check price rise - The Hindu](https://feedsoft.ai/events/35006-centre-bans-export-of-non-basmati-white-rice-to-check-price-rise-the-hindu.md) | +1.3% | -0.6% |

## Sources

- online.thedailystar.net: https://online.thedailystar.net/business/economy/industries/tax-customes/news/bangladesh-slashes-rice-import-tariffs-25-percent-3055006

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