The import in the first four days of July was 60,000 tonnes, which is nearly half of the total import made last fiscal year. Wholesale prices of local rice dropped by Tk 1 to Tk 1.5 per kilogram. Imported rice prices were down by Tk 2 to Tk 2.5 a kg. The Trading Corporation of Bangladesh (TCB), claims coarse rice prices have dropped by Tk 2 to Tk 3 per kg and the fine varieties by Tk 1 to Tk 2. The government announced the cut in duty on rice import from 28 percent to 10 percent before the Eid-ul-Fitr to rein in the prices and to encourage the private importers.