The Business Standard

Global prices fell, so why are we still paying wartime prices?

Imports of some major food commodities, wheat and sugar in particular, have slowed over the last few months when the global food price index fell steadily, meaning that consumers in Bangladesh missed out on the benefit expected from falling prices. The period coincides with the restrictions imposed by the central bank on opening letters of credit (LC) after monthly imports almost reached $9 billion amid a dwindling reserve and falling earnings from exports and remittance.

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