, July 30 -- Commerce Minister Khandakar Abdul Muktadir on Thursday said the government is prioritising a reduction in logistics costs, describing them as one of the biggest obstacles to bringing down Bangladesh's persistently high food inflation.

"While logistics cost stands at around 10 percent of GDP in other countries of the world, it is 16 percent in Bangladesh. If we can rein in logistics costs, food inflation can be brought down," the commerce minister said at an event on Bangladesh's food chain, organised by the Centre for Policy Dialogue (CPD) at the BRAC Centre in the captial.

Noting that inflation which has been rising since the post-Covid period and currently stands above 9 percent, was brought under control by other countri...