The National Board of Revenue yesterday cut customs tariffs on rice, sugar and dates and lifted value added tax on edible oil in an effort to help the government boost supply and contain prices of the four commodities during the Ramadan next month.
Azmat Ali is a daily wage earner in the northern district of Lalmonirhat. Just a week ago, he bought coarse rice for Tk 44-45 a kg. But yesterday he found the price of the staple rose to Tk 52.
Rice prices have edged up in Bangladesh in the last couple of days despite the cut in customs tariffs on the import of the staple food to 25 per cent to increase supply and contain prices.
Paddy price Bangladesh:Prices of paddy, particularly the finer varieties, are on the rise in the producing regions in Bangladesh amid worries of crop damages and lower yield inflicted by the recent flash floods in the haor districts and cyclone Ashani-induced rainfalls.