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In response to sharp price spikes and surging domestic demand for aromatic rice, the Ministry of Commerce has initiated strict measures to revise, reduce, or adjust previously allocated export quotas. To execute this policy review, the government issued an urgent directive on Thursday (August 13) instructing all approved exporting firms to submit precise records of their actual physical export volumes within three working days.
The official notification, released by the Export-2 Branch of the Ministry of Commerce, explicitly outlines the rationale behind the policy shift: "Considering the current market situation and the increase in domestic demand for aromatic rice, it is necessary to reduce or adjust the previously granted export approval quantities." Consequently, exporters must report their updated export metrics to the ministry to determine whether unutilized quotas should be revoked or recalibrated.
The administrative action follows a high-level review meeting held on August 2 on market dynamics, presided over by Commerce Minister Khondokar Abdul Muktadir. Following prior recommendations from the Ministry of Food, the government had authorized a total of 45,270 metric tons of aromatic rice exports across 278 companies—comprising 211 entities in the first phase on May 13 and 67 in the second phase. However, the August 2 meeting revealed a substantial discrepancy between authorized quotas and actual shipped quantities, with many firms exporting only partially or failing to execute shipments altogether. Furthermore, participating trade representatives alleged that artificial market shortages and price escalation were being driven by supply hoarding among ten major mill owners. In response, the Ministry of Commerce instructed the Directorate of National Consumer Rights Protection to intensify market monitoring alongside evaluating the justification of maintaining unused export quotas.
https://thedailyexpress.news/news/business/1f197305-c180-6b20-af5d-fb4bb4ea1bee