Import increases after increasing the production of food grains in the country. But the rate of import of goods is increasing, a few times more expenditure is increasing.
From July to November, this five-month account says that the import of food grains in the country increased by 12 percent. On the contrary, import costs increased by more than 92 percent.
In the case of import of this cereal, the import cost of rice in the field increased about four thousand percent. And in the wheat, 39 percent. At the end of the last financial year, the import of food grains increased by 3.5 percent, contrast increased by 60 percent.
But not only food grains, in the last four months without any kind, the cost of imported oil, milk and cream, pulses, sugar including all types of consumer products also increased. At this time, the highest increase in edible oil import was 92 percent.
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Importers say that due to three reasons, import costs increased in the country. These are the increase in dollars, ships, and prices of goods. Apart from this, there was less demand for many products because it was done last year. This year, the import of goods has increased a lot of products. They are one of the reasons for the increase in import costs.
According to the Ministry of Food, the total food grains in the country and non-government phase in the country till November this year, has imported 24 lakh 31 thousand 760 metric tons, which last year (2020-21) more than 12.45 percent more than the same period. Imported foods in these cereals, rice are eight lakh 21 thousand 760 metric tons. The remaining 16 lakh 10 thousand tonnes of wheat.
At the same time last financial year, the total cereal was imported 21 lakh 62 thousand 460 metric tons. The first five months in the last year, have not been officially imported any rice. Only 60 metric tons of rice were imported in private.
But last year wheat import was much more than this year. From July to November, five months of government and private wheat in the country till November, 21 lakh 62 thousand 400 tons.
The information of Bangladesh Bank says that in five months of the current financial year (July-November), 1.32 billion US dollars have been spent on the import of food grains in the country. At the same time last year, the cost of import was 688.3 million dollars. That is, the cost of imported costs during the last year has been more than 635.2 million dollars or 92.29 percent.
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Last year (2020-21) spent 93 million dollars in importing rice till November. This year, the cost has increased to 378.1 million dollars. As it’s increased in this sector, 3965 percent. Last year, the import of wheat was 679 million dollars. This year, 39 percent rose to 945.4 million dollars.
In the last financial year (2020-21), total food grains in the country have been imported about 66 lakh 53 thousand metric tons, which in the last four decades the second highest. One-fourth of imported food grains was rice, the rest of the wheat.
At this time, the rice import is 13 lakh 53 thousand tons. This import is about 3.5 percent more than the 2019-20 financial year. In the financial year, the total food grains were imported about 64 lakh 34 thousand tons.
In 2020-21, spent 268 million dollars, which was 60 percent more than its previous year. In the 2019-20 fiscal year, the spending was 167 million dollars in this sector.
T.K. Group director Md. Mustafa Haider told The Asian Tribune, “The price increase in the price of importing import costs. Apart from this, the shipworm increased by 30 to 40 percent. The price of the dollar has increased a lot. Do not see anything other than these three reasons. However, the import expenditure increased, but the amount of import of consumer products decreased slightly. Because, due to the increase in the cost of import of products, the demand for the normal rule is somewhat reduced.”