Prices of almost all varieties of rice have gone up in the capital’s kitchen markets over the last one week.
Indian farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7 percent on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
Expressing resentment over the hike in rice prices despite high yields of paddy, the parliamentary standing committee on agriculture ministry yesterday asked senior officials of the agriculture ministry to identify and take action against those responsible.
Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.
Bangladesh’s recent cut in import duty of non-basmati rice has pushed up prices of the grain in India’s domestic markets by ten percent in the last five days, and is causing a rush among Indian exporters to go for deals with the neighbouring country.
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
Hoarding by small traders as well as large business groups has been causing rice prices to soar, giving low-income people a hard time.
The prices of rice rose by Tk 8-10 per kg over the last two weeks even though it is the harvesting season and there is ample supply of paddy.
Prices of almost all varieties of rice have gone up in the capital’s kitchen markets over the last one week.
Indian farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7 percent on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
Expressing resentment over the hike in rice prices despite high yields of paddy, the parliamentary standing committee on agriculture ministry yesterday asked senior officials of the agriculture ministry to identify and take action against those responsible.
Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.
Bangladesh’s recent cut in import duty of non-basmati rice has pushed up prices of the grain in India’s domestic markets by ten percent in the last five days, and is causing a rush among Indian exporters to go for deals with the neighbouring country.
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
Hoarding by small traders as well as large business groups has been causing rice prices to soar, giving low-income people a hard time.
The prices of rice rose by Tk 8-10 per kg over the last two weeks even though it is the harvesting season and there is ample supply of paddy.
The government's food stock saw a rise this year compared to the same period last year. This was mainly due to a significant
