Bangladesh’s Finance Minister, Amir Khosru Mahmud Chowdhury, has proposed eliminating the 5% regulatory duty on all types of spices during the presentation of the 2026-27 fiscal year budget on Thursday, June 11th. This measure aims to reduce the cost of essential ingredients widely used in daily cooking and Bangladeshi diets. The proposal also includes the removal of regulatory duty on date imports. The move is expected to provide some relief to consumers facing rising food prices. The budget proposal will now be subject to parliamentary approval. This decision reflects the government’s focus on stabilizing the prices of frequently consumed commodities. The finance minister presented the budget outlining various economic strategies for the upcoming fiscal year.