News
Rice prices plummet 16% in eastern India amid Bangladesh's land port closure
Anamika Mishra,
Sub Editor
Anamika Mishra,
Sub Editor
Rice prices in eastern India have declined by 16% over the past ten days, driven by two key factors: Bangladesh’s decision to seal its land ports with India and a surge in local harvests within the neighboring country.
According to traders, the reduced cross-border trade has eased demand pressure from Bangladesh, while the availability of fresh crops in the region has increased supply. The combined effect is pulling prices down noticeably and the trend may continue if the current conditions persist.
Market watchers suggest that if Bangladesh maintains restrictions and domestic harvests remain strong, rice prices could fall further in the coming weeks, potentially benefiting Indian consumers but impacting exporters and farmers in border states like West Bengal and Assam.
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC News Bulletin.
Discover all our upcoming events and secure your tickets today.
Journal of Supply Chain is a Hansi Bakis Media brand.
Subscribe to our Daily Newsletter
Subscribe For FreeBy continuing you agree to our Privacy Policy & Terms & Conditions
