Effect rice shortage in India!!
Rice Price Rise: Effect of rice shortage in bangladesh on india, prices increased by 10% in five days
On june 22, a notification was issued by the government of Bangladesh. It has been said in this notification that till october 31, permission is being given to import non-basmati rice. The bangladesh government has reduced the import duty and tariff on rice imports from 62.5 percent to just 25 percent.
Our neighboring country bangladesh usually meets its rice requirements by buying rice from the indian states of West Bengal, Uttar Pradesh, and Bihar. At present, rice prices in these three states have seen a rise of up to 20 percent in recent days. In other parts of the country also, these states are not untouched by the increase in the price of rice, the price of rice in the indian market has increased by up to 10 percent.
There are reports that after the Russo-Ukraine war and India's ban on wheat exports, there has been a shortage of food grains in Bangladesh. Many areas of bangladesh are currently in the grip of floods, due to which paddy cultivation has been affected there. According to reports, Rice Export Association President BV krishna Rao has said that in the last 5 days, the price of non-basmati rice in india has increased from $ 350 per tonne to $ 360 per tonne.