• Saturday, Mar 28, 2020
  • Last Update : 05:55 pm

Govt forms 7 special monitoring teams to control rice prices

  • Published at 05:56 pm January 29th, 2020
Rice_Shop_RajibDhar_2051
File Photo: Prices of all varieties of rice have increased, with retailers, wholesalers and millers trading blame Rajib Dhar/Dhaka Tribune

The minister also directed strict legal against anyone involved in manipulating and inflating rice prices

The government has formed seven special monitoring teams to control and regulate the price of rice in the country. 

The teams were formed following a directive from Food Minister Sadhan Chandra Majumder during a meeting with high officials of the ministry at the Secretariat on Wednesday, said a press release.

At the meeting, the food minister said that price difference between paddy and rice needs to be kept coherent and measures need to be taken to ensure no one can manipulate and inflate rice prices.

He also said it has to be ensured that farmers get the price they deserve for the yields and at the same time, ensure the price of rice remains affordable for the consumers.

The minister also directed strict legal against anyone involved in manipulating and inflating rice prices.

The seven market monitoring teams have been formed under the Food Ministry and Directorate General of Food to stop the tendency of spiralling market prices of essentials, ensure market price stability and fair prices for farmers, added the release.

These teams have been tasked to gather price updates from major wholesale rice markets in Dhaka on a daily basis along with comparing daily prices with the last two days and compiling daily reports.