• Wednesday, Feb 19, 2020
  • Last Update : 08:32 pm

Rice prices on the rise

  • Published at 11:24 pm January 25th, 2020
File Photo: Prices of all varieties of rice have increased, with retailers, wholesalers and millers trading blame Rajib Dhar/Dhaka Tribune

Retail traders said prices of rice continued to increase due to supply shortage and price increases by the millers and wholesalers

Prices of all varieties of rice have increased at kitchen markets in the capital, with retailers blaming short supply and syndication of millers and wholesalers.

Retail traders said prices of rice continued to increase due to supply shortage and price increases by the millers and wholesalers.

Visiting kitchen markets in Malibagh, Rampura, and Shukrabad in the city on Saturday, the price of non-packed rice was found to have gone up by Tk2-10 a kg while price of packed rice rose by Tk5-10 a kg.

The fine variety of Miniket rice (non-packed) was selling at Tk58-62 a kg, while the coarse variety (non-packed) was selling at Tk50-55 a kg in the retail markets. The packed Miniket rice was selling at Tk65 a kg, showing an increase of Tk5 a kg.

Fine variety of Najirshail (non-packed) was found selling at Tk60-70 a kg in retail markets, which was Tk53-60 a kg earlier. Standard variety of Najirshail (non-packed) was selling at Tk55-60, which was previously Tk45-55 a kg. Packed Najirsail was found retailing at Tk78 a kg, marking a rise by Tk10 a kg.

BR-28 rice price increased by Tk2 a kilogram. The fine variety of BR-28 was found retailing at Tk46-50 a kg, while Swarna was selling at Tk35-40 a kg in the city’s kitchen markets on Saturday.

Prices of aromatic rice increased by Tk5-10 a kg. Old variety of aromatic rice was retailing at Tk110 on Saturday, while the new variety was retailing at Tk90-95 a kg. Paijam and Basmoti were retailing at Tk35-36 and 60-65 a kg, respectively. 

“The price of all types of rice has increased. Price of a 50-kg sack of Miniket increased by Tk250-350 in the wholesale markets. So, the retail prices also increased,” said Abdur Rahman, a trader at a kitchen market in Malibag.

Trader Nannu Mia said, “Rice mill owners have raised the prices due to supply shortage of boro paddy, as the crop was last harvested in May-June of 2019.”

Noor Nabi Patwari, a resident of Rampura, said, “It’s all about syndicate; the price of paddy is low; so, how could the price of rice increase?”

“Some government officials are involved in this syndicate. Although the prime minister is trying to develop the country, some officials are making the country’s kitchen markets unstable. Strict action should be taken in this regard,” he added.

Ariful Islam from Shukrabad said, “Farmers are forced to sell paddy at Tk450 per mound, while the labour cost to produce that quantity of the produce is Tk500. So, increasing prices of rice seems illegal.”

Refuting the allegation, Layek Ali, general secretary at the Bangladesh Auto Major and Husking Mill Owners’ Association, said: "We are not responsible for the increase in prices of rice; retailers and wholesalers increased the prices."

“We are selling all types of course variety of rice at Tk27-29 a kg. However, these types of rice are   being sold at a much higher price at the retail and wholesale markets in the city. This price increase at the wholesale and retail markets creates pressure on us,” he said further. 

“When the price of paddy is so low, how could the prices of rice be so high? The government should take strict measures to stop this unreasonable rice price hike,” he remarked, while adding that if this trend continued, rice cultivation would decrease by 15 percent.