Hili, Jan 24 (V7N) — Following recent imports, rice prices have started to decline at the Hili land port. Wholesale prices of rice per kilogram have fallen by 4 to 5 taka in a single day.

Two days ago, Shampa rice of the Chikun variety was being sold at 70–71 taka per kg in the port’s wholesale market. After the imports began, the price has dropped to 64–65 taka per kg.

Wholesale buyers said that the rice import has only just started, and not many traders from other regions have arrived yet. They expect that the market will become fully active within the next week when more wholesale buyers come to the port.

According to the Hili Customs Department, a total of 816 metric tons of rice were imported from India over the past two days through 20 trucks. The imported rice is being distributed to various parts of the country, including Dhaka, Sylhet, Mymensingh, Jamalpur, Bogra, and Rangpur.

Traders hope that the increased supply will help stabilize rice prices in the domestic market in the coming days.

END/SMA/AJ