Police seized 195 sacks of government rice from the South Pahartali area of Hathazari upazila in Chattogram on Tuesday.
A truck used for smuggling was also seized at that time.
Masud Alam, officer-in-charge (OC) of Hathazari Model Police Station, said a house in Thandachhari of South Pahartali area was raided based on a tip-off about the smuggling.
A truck loaded with 195 sacks of government rice was seized from there. However, sensing the presence of the policemen, the traffickers fled the scene.
Rescued rice belongs to the government's food department. The upazila food inspector has been informed about this, said OC Masud Alam.
The police identified two traffickers and an operation is underway to arrest them.
A case has been filed in this connection, he added.