New Delhi : After the rise in the prices of wheat, now the prices of rice are seeing a rise, the prices of rice in the domestic and international market have increased by 10 percent in the last 5 days. In fact, Bangladesh has reduced the import duty and tariff on rice from 62.5 per cent to 25 per cent. On June 22, Bangladesh issued a notification allowing import of non-basmati rice till October 31, 2022.
Flood damage to paddy crop in Bangladesh
In fact, it is being speculated time and again that India can ban the export of rice after wheat. Fearing India’s decision to ban rice exports, Bangladesh has decided to import rice. There is a shortage of food grains in Bangladesh due to the Russia-Ukraine war. India has already banned the export of wheat. Due to which the problem has increased, the flood has caused a lot of damage to the paddy crop. So Bangladesh wants to import rice as soon as possible.
10 percent jump in rice prices
After this decision of Bangladesh, the price of Indian non-basmati rice has increased from $ 350 a tonne to $ 360 a tonne in just 5 days. Many experts say that the price of rice has increased by 10 percent. Rice is exported to Bangladesh from West Bengal, Uttar Pradesh and Bihar. After this decision of Bangladesh, the price of rice has increased by 20 percent in these three states only. So in other states there has been an increase of 10 per cent. Bangladesh imported 13.59 lakh tonnes of rice in 2020-21. According to the data, India exported non-basmati rice worth $ 6.11 billion in 2021-22. While rice worth $ 4.8 billion was exported in 2020-21. India accounts for 40 per cent of the global trade in rice.
Rice is more expensive after flour
However, now rice is going to be hit by inflation. From flour, pulses, edible oil to many food items, the prices had already increased. Now rice has also become expensive.