Rice, edible oil imports rise amid economic stabilisation efforts

Published 2025년 5월 5일

Tridge summary

The article highlights a significant increase in rice and edible oil imports in Bangladesh during the first eight months of the 2024-25 fiscal year, as part of efforts to stabilize the economy. While imports of wheat and sugar have decreased, rice imports have surged by over 2000% and edible oil imports by 16.27%, driven by government policies that have eased import conditions and reduced tariffs to ensure food security amid global volatility. The interim government's macroeconomic reforms, including stabilizing the exchange rate and improving access to foreign currency, have facilitated trade, contributing to a more resilient economy and easing inflation. The article underscores the need for continued reforms to maintain stable supply chains and promote economic growth.

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Original content

Rice, edible oil imports rise amid economic stabilisation efforts Rice and edible oil imports to the country have shot up while wheat and sugar import decreased in the first eight months of the 2024-25 fiscal year (FY25). The data, published in the Bangladesh Bank’s Monthly Update on Major Economic Indicators, points to policy-driven market adjustments in the country’s food sector. According to the Bangladesh Bank, food grains and consumer goods imports rose by 16.71% and 22.97%, respectively, in the July-February period of FY25. In that period, wheat and sugar imports have declined, likely due to existing domestic stocks, high global prices, or substitution with other staples. However, edible oil imports saw a notable rise, responding to steady consumer demand and relatively stable international prices. A similar trend was observed in the July-January window, when food grain and consumer goods imports climbed by 17.48% and 9.5%, respectively. Macroeconomic reforms by the ...

Source: UkrAgroConsult