Finance Minister AHM Mustafa Kamal has proposed reducing the import duty on wheat gluten and sugarcane molasses to ensure supply of protein and dietary sugars at a lower price, thereby reducing production costs of the livestock industry.

"Wheat gluten is used in the feed preparation for domestic poultry industry. At present there is a 25 percent import duty on that product," he said in his budget speech.

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"It has been proposed to reduce the import duty on that product from 25 percent to 15 percent," he said.

Meanwhile, sugarcane molasses is a major ingredient in the production of cattle feed. "I am proposing to reduce the import duty on this product from 15 percent to 10 percent," he said.