Prices of different varieties of rice has increased in various kitchen markets on speculation of short supply of paddy. As reported by this daily on Monday, the price of coarse rice has increased by around Tk 500 taka per sack (A sack consist of 50 kg rice). Also, the price of all types of rice has increased from Tk 300 to Tk 400 per sack (50 kg sack). Needless to mention, such a rise in prices of rice is highest in the history of the country.
Unscrupulous traders have hiked the rice price to make the market volatile under the very nose of the authorities concerned. This periodic rice crisis is indeed artificial in nature, created by opportunist traders and millers who tighten supply lines during critical period to push prices higher and make a mint in the process.
Millers and wholesale traders
across the country should not
engage in any kind of trickery to
hike up the rice price
Rice price has been seeing an upward trend over the last one month after a low yield of Boro due to flooding. It is alleged that because of hoarding of paddy and rice in the northern region, the rice market is going beyond control.
On the other hand, millers claim that the sudden deficit in the supply of paddy in the market has pushed up the price of rice.
We are told that by creating an artificial crisis , a section of traders and millers are trying to line their own pockets from the rice market. In view of the situation, authorities concerned should take prompt actions against the mill owners who are hiking the rice price to serve their petty monetary interests.
It is time to intensify market monitoring in order to restrain unscrupulous traders from making extra profits by artificially increasing the price. Also, millers and wholesale traders across the country should not engage in any kind of trickery to surge the rice price
