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Traders report that the recent approval of rice imports from India through land ports has caused an oversupply in the market, leading to a decrease in prices. Prices for four types of rice have dropped by Tk 5 to Tk 8 per kg

After three months of price volatility, rice prices in major wholesale markets in Chattogram have started declining by Tk5 - Tk8 per kilogram. 

During a visit to prime wholesale markets in the port city that including Ckatai Chapatti, Khatunganj and Pahartali, it was found that prices of both coarse and fine varieties of rice have dropped by Tk5 to Tk8 per kg, thanks to government's time-befitting measures including massive import from Myanmar, Pakistan and Vietnam and also from India, continuing OMS by TCB and partly dismantling the unscrupulous syndicate of rice hoarders and millers.   

Traders report that the recent approval of rice imports from India through land ports has caused an oversupply in the market, leading to a decrease in prices. Prices for four types of rice have dropped by Tk 5 to Tk 8 per kg.

Source : tbsnews