Bangladesh has raised import obligation on rice to fifty five% from 28% to aid its farmers, officials stated, amid massive protests over a drastic fall in home fees.

Rice costs in Bangladesh have fallen to a nearly 3-yr low impacted by using downturn in paddy fees on the farmers’ level within the wake of true harvest as well as better personal and public shares of the grain.

The new tax costs might similarly reduce rice imports, mainly from neighbouring India, which emerged as the largest dealer to the South Asian united states of america in 2017 after floods destroyed its crop.