The import of rice increased by 1,196.24 per cent in the first eight months of the current financial year 2013-14 compared with that of the same period in the FY13.
According to the Bangladesh Bank data released on Tuesday, the settlement of letters of credit, or generally known as actual import, for rice stood at $171.58 million in July-February of the FY14 against $13.24 million during the same period of the FY13.
A BB fact finding report said fall in rice prices on the global market was the key reason for the jump in the country’s rice impo...
Rice import increases significantly in 8 months
The import of rice increased by 1,196.24 per cent in the first eight months of the current financial year 2013-14 compared with that of the same period in the FY13.
According to the Bangladesh Bank data released on Tuesday, the settlement of letters of credit, or generally known as actual import, for rice stood at $171.58 million in July-February of the FY14 against $13.24 million during the same period of the FY13.
A BB fact finding report said fall in rice prices on the global market was the key reason for the jump in the country’s rice impo...
