Rice price
Govt gears up efforts to raise rice imports to curb prices
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
Govt to fix rice prices too
State Minister for Commerce Ahsanul Islam Titu said yesterday that the government will fix rice prices based on variety and seasonal production costs to combat price manipulation in domestic markets starting this Baishakh, the first month of the Bangla calendar.
Global rice prices hit 11-year high
Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Rice prices still high despite higher yield
Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
Rice import plan receives tepid response
The government initiative to import rice from different sources to beef up the stock and keep the prices stable is yet to see any significant progress.
Tk 58 minimum retail price of per kg rice at Karwan Bazar
In the wholesale market, the price of rice has come down by Tk 1 to Tk 2 per kg, but remained unchanged in the retail market.
Rice to be imported privately for market stability: Food Minister
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
Govt to launch special OMS for rice; price set at Tk 10 per kg
The government is going to launch special open market sale (OMS) of coarse rice at the rate of Tk 10 per kg at all city corporation areas of the country in bid to ensure food for relatively poor people during the nationwide shutdown to curb coronavirus transmission.
Price support still eludes rice farmers
Providing price support for farmers has always been a top policy goal of almost every government. In practice, however, successive governments procured very little paddy from growers in the last three decades.
Middlemen are the culprits
Middlemen control the rice market and they are the ones who are to blame for the fall in prices, noted economist and banker Khondkar Ibrahim Khaled said yesterday.
Rice prices hit 3-year low
Rice prices have fallen to a nearly three-year low impacted by downturn in paddy prices at the farmers’ level in the wake of good harvest as well as higher private and public stocks of the grain.
Food stock rises
The government's food stock saw a rise this year compared to the same period last year. This was mainly due to a significant
Govt to buy more rice from Thailand, India
Bangladesh is now trying to buy rice from Thailand and India under the government-to-government arrangement, weeks after striking a G2G deal to import the staple from Vietnam.
No sign of stability in rice market
Rice import by the private sector has dropped to a four-year low at a time when its prices have shot up in the domestic market. Traders imported only 1.2 lakh tonnes of rice till mid-June in the current fiscal year against 2.56 lakh tonnes in the previous fiscal year.
BB moves to stabilise rice market
Bangladesh Bank yesterday took two major steps to stabilise rice prices and increase its supply in the local market.