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Minister to mill owners: Do not increase rice prices

  • Published at 02:26 pm November 20th, 2019
web-rice-paddy
Varieties of rice Mehedi Hasan/Dhaka Tribune

A cell has been formed to monitor the market

Food Minister Sadhan Chandra Majumder has warned against increasing rice prices, saying the country has an adequate stockpile of food grain.

“There is no reason to hike the prices. Stern action will be taken against those involved in increasing rice prices,” he said, after a views exchange meeting with rice mill owners, at the Secretariat on Wednesday.

A cell has been formed to monitor the market round the clock and wholesale traders have been given directives in this regard, he added.

Minister Sadhan said the annual demand for rice is 28,416,710 tons, reports UNB. 

He said: “About 1,459,000 tons of rice and wheat are in stock and 1,113,303 tons are available at state-owned warehouses.” 

“Please do not raise the price of rice,” he requested the wholesalers.