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24 March, 2019 00:00 00 AM
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Rice stocks reach record level

It is a welcome piece of news that the food ministry has taken a good initiative to increase the food grain stock, and according to a report published in this newspaper yesterday, the stock of rice has touched a record level of 15.45 lakh metric tonnes this month, from a minimum stock of around 3.00 lakh tonnes in 2017.

It was in 2017, the price of rice soared to a record height, creating a lot of trouble for the limited income group of people. The volatility in the rice market badly affected the other consumer’s items as well.

The rice merchants, whole sellers as well as retailers, took the flooding in Haor region at that time as a pretext and shot up rice price that is still to come back to its previous level. At that time, a kg of coarse rice was available at Tk 28-30, now all varieties of coarse rice are being sold at Tk 35 or above. To tackle the situation, a grappling food ministry then did not hesitate to buy rice from Myanmar though Bangladesh’s diplomatic relations with this country soured due to intrusion of half a million of Rohingya refugees fleeing violence in the Rakhine state.

Bangladesh is country of natural calamities like floods, cyclones as well as drought. That is why Bangladesh government should always remain ready for facing a time of crisis. As it appeared in the last time’s floods, despite there was a large stock of rice in the hand of merchants, they created an artificial crisis very unkindly.

Experts say about 12 lakhs of metric tonnes of rice can be an adequate buffer for crisis. Since rice price is still high in the market, the food ministry can take up a programme of bringing it further down through truck sale of rice all over the country at a much lower price.  Having a large food grain stock is one measure of tackling a crisis. The food ministry is also well advised to remain prepared that the market of the staple food does not become a plaything in the hand of the syndicate of rice merchants.  

 

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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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