Prices of different types of rice have fallen at Hili Land Port over the past week by Tk1.5 to Tk2 per kg following uninterrupted import and the recent Aman harvest around the country.
Traders have said that the prices will decrease further in the coming days.
According to port officials, they were clearing up to 130 trucks bringing in rice from India every day.
Between December 1 and 27, they said, 72,449 tons of rice were imported, a rise from November’s 68,186 tons, and 69,006 tons of October.
Anup Kumar Basak, a rice trader at Hili Bazar, said that prices of different kinds of local rice were still high even though there is enough supply following the Aman harvest.
“But the prices are dropping due to steady import. Local breed ‘Swarna’ rice is now being sold at Tk40 per kg, Tk1 less than last week,” he said.
Anup also said that different types of imported Indian rice – Swarna and Ratna – were being sold between Tk38-39 per kg, which was Tk1-2 higher last week.
Rice importers Mamun Ur Rashid and Rajib Dutta said a increase in the supply of rice in local market had led to a drop in trading of rice imported from India.
In Thakurgaon and Panchagarh, coarse rice variety was available between Tk36 and 37 per kg.
Traders said a drop in the prices of rice in India also played a role dropping the prices in Bangladesh's market.