The cost of orange is unprofitable for Bangladeshi importers

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In Maharashtra In Maharashtra, specifically in Nagpur the farmers face difficulties in exporting oranges Bangladesh. Trade volume has decreased substantially from 6,000 tonnes per day because of an increase in duty on imports by Bangladesh between Rs 20 and R 88 per kilogram November 2023.

The increase has made the trade ineffective to Bangladeshi importers, which has led to an increase in consumption. It is thought to as a response to India’s earlier ban against exports of onion, which is which is a key ingredient of Bangladeshi culinary tradition, and to secure its market in the country. In spite of India lifting the export restriction to many countries, which includes Bangladesh however, it is not clear the likelihood that Bangladesh will retaliate and lower the import duties on oranges. The result of the trade conflict is vital for Maharashtra’s agriculturalists, who are the largest citrus producers in India because it will affect their income and economic future of the coming harvest season.

Indian Commerce Minister Piyush Goyal has acknowledged the detrimental impact of Bangladesh’s increased duty on imports to Indian exports of oranges in the Lok Sabha, revealing attempts to reach a advantageous trade policy to the advantage of Indian farmers. This trade dispute is important in the trade relationship between agriculture that exist between India as well as Bangladesh.

(Rs 100 = EUR1.10 (Rs 100 = EUR1.10)

Source: anytvnews.com

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