Bangladeshi Government imposes a 10 percent duty on import of rice

03/06/2015,

On the 10th of May 2015, the Government of Bangladesh imposed a 10 percent duty on import of rice as a measure to curb the decline of rice prices. Rice prices have been declining since the beginning of the year due to increased availability of supplies from the good 2014/15 harvest and increased imports in response to lower rice prices in the international market. The duty on rice imports aims on protecting incomes of rice farmers.

Country: Bangladesh