Bangladesh Seeking Rice Imports From Myanmar

In order to bring down the soaring prices rice in its domestic market, Bangladesh has decidedto resume imports from Myanmar after a gap of a almost a year and a half.

huge quantities rice are likely to be imported from the rice surplus Myanmarese market after the recent restrictions on rice export from neighboring India.

The caretaker government in Bangladesh has also lifted import duties on nine essential commodities, including rice, wheat, pulses, oils and milk, in the wake of unprecedented price spirals, blamed on short supply as well as market manipulation.