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22 January, 2020 00:00 00 AM / LAST MODIFIED: 22 January, 2020 11:24:33 AM
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Rice goes costlier by Tk 2-3/kg

‘Millers increased prices thru syndication despite adequate supply’
SPECIAL CORRESPONDENT, Dhaka
Rice goes costlier by Tk 2-3/kg

“The food ministry will look into whether there is any syndication behind the price hike”
Prices of rice have risen in city markets, as well as across the country, in the last few days due to 'lack of supply'. Traders from Mirpur, Mohammadpur Krishi Market, and Badamtoli in the city’s kitchen and wholesale markets said the price of the fine variety of Miniket went up by Tk. 2-3 per kg. It was retailing at Tk. 55-60 per kg and the coarse variety at Tk. 50-52. The Swarna variety was being sold for Tk. 35-36 per kg and BR28 for Tk. 38-40 in the kitchen markets.

According to food ministry sources, the annual demand for rice is about 28,416,710 metric tonnes in the country. A total of 15.35 lakh tonnes of rice and wheat were in stock in public godowns as of yesterday (Tuesday), sources said, adding that 12.05 lakh tonnes of rice are available in state-owned warehouses.

Prices of rice have increased by at least Tk. 2-3 per kg, depending on the variety, according to rice traders.

It is alleged that rice mill owners have increased the prices through syndication despite adequate supply of paddy in the markets.

There has been an increase of about Tk. 100 per 50kg sack of Rashid Miniket rice, traders told this correspondent.

According to rice traders, the prices of Swarna and BR28 have increased by at least Tk 2 per kg in the last few days.

“We sold Miniket at Tk. 53-58 per kg last week. But now it is being sold at Tk. 55-60,” Chitta Ranjan Saha, a retailer of Mirpur-1 kitchen market, said.

Anwarul Islam of Mohammadpur Krishi Market said rice prices have increased by Tk. 55-100 per 50-kg sack in the last few days.

“We don’t know why prices are increasing as there is adequate supply of paddy in the market. Besides, paddy price has not increased,” he said in reply to a query.

According to food ministry officials, the ministry will look into whether there is any syndication behind the price hike.

The government wants to ensure fair prices of rice so that farmers benefit by selling their produce, an official said, adding that the government has taken various steps to safeguard the interests of poor farmers.

According to the Directorate of Food, the government has decided to purchase six lakh tonnes of paddy at Tk. 26 per kg directly from farmers, which is still continuing.

Apart from this, the government has started procuring an additional 3.5 lakh tonnes of boiled rice from millowners at Tk. 36 per kg and 50,000 tonnes of non-boiled (atap) rice from millowners. The process began on December 1 and will continue till February 28, food ministry sources said.

 

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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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