Friday 30 October 2020 ,
Friday 30 October 2020 ,
Latest News
21 November, 2019 00:00 00 AM / LAST MODIFIED: 20 November, 2019 11:47:51 PM
Print

Rice prices keep rising

Food minister finds no reason as stocks ‘adequate’
Special Correspondent, Dhaka
Rice prices keep rising

The price of rice is spiralling in the kitchen markers despite the government’s efforts to control it. An emergency meeting was held at the food ministry yesterday, where food minister Sadhan Chandra Majumder urged rice traders to reduce the price.  There is no reason for a price hike if vested quarters do not create any artificial crisis of rice in the country. The government would take stern action against those involved in abnormally hiking the price of rice in the country. The food minister came up with this while briefing reporters after the meeting with rice mill owners.

“The country has adequate of foodgrain stocks. The annual demand for rice is 28,416,710 tonnes against the total production about 3.44 crore tonnes. About 14.59 lakh tonnes of rice and wheat are in stock. Of these, 1,113,303 tonnes of rice is available at state-owned warehouses,” the food minister said.

Majumder also said any rise in the price of rice is not acceptable as there has been no price hike of paddy in the country. “The farmers would have benefited if the price of paddy had increased. But it has not happened. So, it can't happen that only middlemen will reap benefits by depriving farmers. The government will never tolerate such practice,” he added.

The minister said a cell has been formed to monitor the market round the clock and wholesale traders have been given directives in this regard. The ministry concerned has already instructed the Directorate of Consumers Rights to take legal action as per law against rice traders involved in the illogical price hike, he added.

If needed, the food ministry will also conduct mobile courts with the help of the home ministry, he said. “There will be no shortage of rice in the market even if the ongoing transport strike continues for at least 10 days. There are adequate rice stocks in the market,” he said. “Please, don’t raise the price of rice,” he requested wholesalers.

Leaders of the Rice Mill Owners' Association, however, showed lame excuses at the meeting regarding the recent price hike of rice. “The rice price increased due to the cyclonic storm Bulbul. Its effects lasted for at least eight to 10 days. This hampered the market because the farmers could not sell their paddy due to the inclement weather,” Abdur Rashid, president of the Bangladesh Rice Mills; Owners Association, informed the meeting. He, however, remained silent after being reminded that the cyclonic storm Bulbul lasted only one day and did not trigger the price hike of rice.

Prices of different varieties of rice went up by Tk. 5 to Tk. 10 per kg in kitchen markets in the last few days across the country.

Acting food secretary Omar Faruk, food directorate director general Nazmanara Khanum, Bangladesh Auto Major and Husking Mill Owners’ Association president Khorsehed Alam, and representatives of home, commerce and agriculture ministries attended the meeting.

 

Comments

More Front Page stories
Goods transport strike called off Goods transport strike, which has been crippling public life for last couple of days, was postponed late last night after hours of talks with the government high-ups. The decision to call off the strike…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting