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.
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, 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.
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.
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.
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.
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.
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
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.
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.
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, 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.
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.
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.
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.
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.
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
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.
Agriculture Minister Dr Abdur Razzak has said the government will procure rice directly from farmers from the next season, and called upon all for suggestion on how to implement the decision effectively.
