India’s rice prices surged nearly 14% in just two days following Bangladesh’s announcement of duty-free rice imports. Major Indian traders quickly exported rice to Bangladesh, creating a temporary supply-demand imbalance in India. Prices of popular varieties like Sarna, Miniket, Ratna, and Sona Masuri saw significant increases. Bangladesh’s duty withdrawal aims to stabilize domestic prices and curb inflation, while Indian exporters benefit from new demand, helping offset global price declines and boosting their profits.
Rice prices in India have sharply risen immediately after Bangladesh announced duty-free rice imports. In the past two days, rice prices in the Indian market have increased by nearly 14%.
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