6,520 tonnes of Indian rice imported from Bangladesh ports in 8 days
22-Nov-2024 11:43 AM
6,520 tonnes of Indian rice imported from Bangladesh ports in 8 days
The import of Indian rice through Bangladesh's Bhongra land port has seen significant activity over the past 8 days, with 6,520 tonnes of rice being shipped in total. The surge in imports started on November 13, following the Bangladesh National Board of Revenue's decision to remove customs duties on rice imports, which has facilitated a rapid increase in rice trade between the two countries.
The key details of the imports are as follows:
Import Overview:
Total rice imported: 6,520 tonnes over 8 days.
Port of entry: Bhongra land port, Satkhira, Bangladesh.
Start date: November 13, 2024, after the removal of the customs duty on rice.
Key Importers and Shipments:
Old Paltan Majumdar Agrotech International (Dhaka)
Total imports: 1,861.47 tonnes in 4 shipments
Shipment details:
770 tonnes (November 13)
368.5 tonnes (November 16)
380.97 tonnes (November 17)
342 tonnes (November 18)
Mukul Enterprise (Satkhira)
Total imports: 300 tonnes in 3 shipments
Shipment details:
100 tonnes (November 13)
100 tonnes (November 14)
100 tonnes (November 17)
Ismail Hossain Milan (Jhikargachha, Jashore)
Total imports: 100 tonnes (November 13)
Abul Mansur Khan (Bogura)
Total imports: 500 tonnes in 3 shipments
Shipment details:
150 tonnes (November 14)
150 tonnes (November 16)
200 tonnes (November 18)
Outlook:
With the abolition of the rice import duties, it is expected that the volume of rice imports from India will continue to increase, as demand for rice in Bangladesh rises and businesses take advantage of the duty-free status. The participation of multiple importers, including major companies, indicates that this trade route could expand further, benefiting both Indian exporters and Bangladeshi importers.
This move is also seen as a response to domestic rice shortages and price increases in Bangladesh, as the country seeks to stabilize rice prices and ensure sufficient supplies.