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2 December, 2019 01:11:45 AM / LAST MODIFIED: 2 December, 2019 02:35:31 PM
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Rice price continues to rise despite adequate stocks

Three committees formed to monitor rice market
SPECIAL CORRESPONDENT, Dhaka
Rice price continues to rise despite adequate stocks

Despite several steps taken by the government, the price of rice continues to increase. It has increased by at least Tk. 5-8 per kg, depending on different varieties, in the markets, according to rice traders.

Against this backdrop, the government yesterday formed three committees to monitor the volatile rice markets and set up a control room. One of the committees, led by food ministry's senior assistant secretary (foreign collection) Md Mahbubur Rahman, will physically visit major wholesale rice markets in the capital and monitor the price of rice.

Another committee, led by food directorate additional director Faruk Hossain, will collect rice prices from different markets. The third committee, led by food ministry deputy secretary Sheikh Nurul Alam, will submit reports by coordinating with the monitoring cell to the food ministry and the Directorate of Food for further action. Besides, a control room has also been set up at the food ministry. Food ministry’s senior assistant secretary Nurul Islam Sheikh will oversee the control room.

According to food ministry officials, the main objective for the formation of the monitoring committees is to keep the price of rice stable in the markets to prevent greedy and unscrupulous traders from making the market volatile.

The committees will visit the major wholesale rice markets in the capital and collect market prices on a regular basis.

“We’ve taken various steps immediately after the price of rice soared in the markets. We’ve also talked to rice traders and rice mill owners regarding the issues and held meetings with different stakeholders. As a result, the rice markets are stable now,” food minister Sadhan Chandra Majumder told this correspondent yesterday.

“We’d like to ensure that the rice markets will continue to remain stable and that’s why we’ve formed the committees.

I don’t see any reason to hike the prices as there’s adequate supply of rice to the markets. Stern action will be taken against those involved in raising the price of rice further,” the food minister said.

He also said the annual demand for rice is 28,416,710 metric tonnes in the country. “About 14.59 lakh tonnes of rice and wheat are in stock. Also, 1,113,303 tonnes of rice are available at state-owned warehouses,” he added.

He further said anyone could inform the control room set up by the food ministry about any anomaly in terms of rice prices in the markets. Consumers can lodge complaints with the food ministry’s control room by making calls to the following telephone numbers: 029540027 and 01642967727.

According to the Trading Corporation of Bangladesh (TCB), fine rice was sold for Tk. 48-60 per kg yesterday, as against Tk. 45-56 one month ago.

IK

 

 

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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.

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