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rice price life
According to data from the Bangladesh Trading Company, on August 5, the day before the government raised the fuel price to a record level, the price of rough rice was at Tk 48 per kilogram, which soared to Tk 50 per kilogram on August 11, and further yesterda.
rose to 52 taka per kil.
Meanwhile, the price of fine rice rose from Tk 75 per kg on August 5 to Tk 78 per kg on August 11 and further surged to Tk 80 per kg yesterda.
rose to 52 taka per kil.
Meanwhile, the price of fine rice rose from Tk 75 per kg on August 5 to Tk 78 per kg on August 11 and further surged to Tk 80 per kg yesterda.
Bangladesh Food Minister Sadhan Chandra Majumder said his ministry will start selling rice to 5 million poor families at cheaper prices through a food-friendly scheme starting September 1.
While merchants blamed the high price of rice, transportation costs and import duties for the price increase, Bangladesh’s food minister accused unscrupulous merchants of tricks, “Transportation costs have increase.
But the price of rice has risen disproportionately compared to the increase in transportation cost.
. It cannot be ruled out that there are some dishonest businessmen," he said while speaking to reporters at the secretariat's offic.
"Furthermore, we are now between two planting seasons and people in many areas are worried about a poor harvest due to drough.
"
But the price of rice has risen disproportionately compared to the increase in transportation cost.
. It cannot be ruled out that there are some dishonest businessmen," he said while speaking to reporters at the secretariat's offic.
"Furthermore, we are now between two planting seasons and people in many areas are worried about a poor harvest due to drough.
"
On June 23, the Bangladeshi government lowered import tariffs from 65% to 25% to encourage imports, increase the main supply in the domestic market, and reduce their price.
On July 7, the Bangladeshi Ministry of Grain also approved 380 private organizations to import 1 million tons of rice in Jul.
On July 7, the Bangladeshi Ministry of Grain also approved 380 private organizations to import 1 million tons of rice in Jul.
