Indian rice price soften as Bangladesh increases import duty.

Indian rice is soft by increasing import duty in Bangladesh. As the issue of imposing import duty on rice as a major importer of country-Bangladesh increased, the export offer price of Indian rice came down drastically and it fell to the lowest level of the current year. On June 6, the Bangladesh Finance Minister fixed the import duty on rice from 2% to 28%. Due to this duty, export of Indian rice in Bangladesh will be difficult. In the year 2017, India became the most prominent country to supply rice to it.