According to the news report from Bangladesh, Prime Minister Narendra Modi has assured his Bangladeshi counterpart, Sheikh Hasina, that India will ease commodities such as sugar, onions, rice, and wheat export restrictions to ensure stability in the domestic market, reported Tbsnews.
State Minister for Commerce Ahsanul Islam Titu conveyed the message, stating that Prime Minister Sheikh Hasina shared the information during an informal cabinet meeting in Tungipara, Gopalganj.
The commitment to relax export constraints comes in the wake of a telephone conversation on 8 January, where Modi congratulated Sheikh Hasina on her historic fourth consecutive term victory in the national elections. The leaders also discussed various bilateral issues during the call.
Highlighting the significance of the decision, Titu stated, “Various consumer goods, including onions, are imported from India. I will personally hold a meeting with the Indian commerce minister to stabilise the domestic market. I will discuss the regular import from India to maintain the normal market situation in Bangladesh.”
Bangladesh heavily depends on India for sugar imports and any restrictions imposed by India often lead to an immediate increase in sugar prices in the Bangladeshi market. To maintain stability, Bangladesh has formally requested an annual quota of 10 lakh tonnes of sugar from India as part of its efforts to secure a reliable supply chain.
