{"id":13629,"date":"2024-01-16T14:17:22","date_gmt":"2024-01-16T14:17:22","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=13629"},"modified":"2024-01-16T14:17:26","modified_gmt":"2024-01-16T14:17:26","slug":"rice-prices-spiralling-once-again","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-prices-spiralling-once-again\/","title":{"rendered":"Rice prices spiralling once again"},"content":{"rendered":"\n
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With the harvesting of Aman crops, the prices of BR-28, Paijam, Guti and aromatic rice were supposed to decrease. Instead, the rice prices have gone up by Tk 2-8 per kg in the last 10 days in Dhaka’s kitchen markets.<\/p>\n\n\n\n

Apart from the newly-harvested rice varieties, the prices of miniket and najirshail rice have also surged in the past three days.<\/p>\n\n\n\n

According to the wholesalers, they are compelled to source rice at high prices, while the millers claim that the price of paddy has risen due to the high production costs.<\/p>\n\n\n\n

Even though the newly-formed government announced arresting the price hike of daily commodities, the opposite happened, said a rice wholesaler in Kawran Bazar asking not to be named.<\/p>\n\n\n\n

“We thought that the price would fall with the newly harvested rice — we were not ready for such a hike,” said Abu Raihan Joglu, proprietor of Matlab Rice Agency.<\/p>\n\n\n\n

The rice wholesalers are yet to find out why the prices took a leap after the election on January 7, he said.<\/p>\n\n\n\n

Kamal Sardar, proprietor of Mokbul Rice Agency in Mirpur 11 kitchen market, usually sources rice from five districts — Kushtia, Chapainawabganj, Naogaon, Sherpur and Dinajpur — depending on price.<\/p>\n\n\n\n

However, this time, the price has increased across all the districts.<\/p>\n\n\n\n

“We don’t know whether we have become victims of a syndicate. On the other hand, our regular customers have been blaming us for the sudden rise. It’s been difficult to make a profit from them.”<\/p>\n\n\n\n

Kamal urged the authorities to ensure strict monitoring and accountability of the millers, who are taking high prices from them.<\/p>\n\n\n\n

Last week, Abdul Mabud of Nahid Rice Agency in Shantinagar paid Tk 112 for a kilogram of aromatic rice at Babu Bazar in old Dhaka. That same rice sold for Tk 122 yesterday.<\/p>\n\n\n\n

The BR-29 rice’s price went up Tk 3 since last week to Tk 58 a kg, while the miniket variety’s price jumped by Tk 10 to Tk 68 a kg in seven days, he said.<\/p>\n\n\n\n

This has heaved further pressure on the low-income group, who have been grappling with a cost of living crisis for more than a year now.<\/p>\n\n\n\n

“This is nothing but an added burden on the poor,” said Noorjahan Begum, who had to spend Tk 100 more for the BR-29 rice that her family consumes than she did 10 days ago.<\/p>\n\n\n\n

Md Tipu, who runs a mess in Kawran Bazar, is wondering how can continue his operations with the way the prices are spiralling of almost all food items.<\/p>\n\n\n\n

“Although I am paying more for the groceries, I cannot abruptly demand extra money from my customers,” said Tipu, who feeds 60 people two times a day with a budget of Tk 120 per person.<\/p>\n\n\n\n

The price of rice has increased from Tk 2 to 6 per kg in the past two weeks, said Nirod Boron Saha, president of the Rice and Paddy Stockists and Wholesalers Association in Noagaon, a major rice wholesale hub in the north.<\/p>\n\n\n\n

There is a possibility of further price hikes given that traders are stockpiling rice now, he said.<\/p>\n\n\n\n

The Daily Star could not reach the food minister or the food secretary despite repeated attempts.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the harvesting of Aman crops, the prices of BR-28, Paijam, Guti and aromatic rice were supposed to decrease. Instead, the rice prices have gone up by Tk 2-8 per kg in the last 10 days in Dhaka’s kitchen markets. 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