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Wheat News - Wheat prices in Bangladesh decreases by Tk 4 5 per kg
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Wheat prices in Bangladesh decreases by Tk 4-5 per kg

Wheat prices in Bangladesh have gone down by 4-5 per kg due to India resuming exports from the Hili land port. So as the supplies increase it pushes the prices downwards. On May 13, India imposed an export on Wheat export to maintain the supply of the food grains in their domestic market. India later allowed Wheat import to Bangladesh under the previous LCs on May 29 this year. The importers who opened LCs to import Wheat through railway containers now have to import it by road due to some problems with a railway line. Wheat is Bangladesh's second staple and the nation consumes nearly 8.5 MMT of Wheat annually, which is increasing by 5 to 6% per year. Until January of fiscal year 2021-22, India supplied 66% of the Wheat Bangladesh imported.