Rice prices plummet 16% in eastern India amid Bangladesh’s land port closure

Bangladesh’s recent move to seal land ports with India and increased fresh harvests locally have brought down rice prices by 16% in the eastern part of the country in the past ten days, according to traders, who said the commodity might see a further decline in prices.

Prices of the popular parboiled miniket rice, which was also exported to Bangladesh to the tune of 45,000-50,0000 tonnes per month, have fallen to Rs 53 per kg from Rs 62 per kg.

Tags: prices, rice, India, Bangladesh, ports, parboiled miniket rice, harvest