rice price hike
India says Bangladesh cutting rice import duty raised domestic prices by 10%
Bangladesh’s recent cut in import duty of non-basmati rice has pushed up prices of the grain in India’s domestic markets by ten percent in the last five days, and is causing a rush among Indian exporters to go for deals with the neighbouring country.
Inflation, war eating away food gains
Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.
India says Bangladesh cutting rice import duty raised domestic prices by 10%
Bangladesh’s recent cut in import duty of non-basmati rice has pushed up prices of the grain in India’s domestic markets by ten percent in the last five days, and is causing a rush among Indian exporters to go for deals with the neighbouring country.
Rice to be imported privately for market stability: Food Minister
The government has decided to allow private firms to import duty free rice to keep the rice market stable.
Hiking rice prices: Hoarders of every hue in it
Hoarding by small traders as well as large business groups has been causing rice prices to soar, giving low-income people a hard time.
Rice pricier even in peak Boro season
The prices of rice rose by Tk 8-10 per kg over the last two weeks even though it is the harvesting season and there is ample supply of paddy.
Food stock rises
The government's food stock saw a rise this year compared to the same period last year. This was mainly due to a significant
Battling to bear high living cost
Over the last few months, Rupali Akter, the breadwinner of a five-member family in Savar's industrial belt, had to buy some of the essentials on credit from nearby groceries. With a monthly income of Tk 10,000 including overtime, the sewing operator at a garment factory is unable to pay for all the products she buys, as prices of essentials -- from rice to vegetables -- has been on the rise.
Rice traders asked to get licence by October 30
Food officials have not been properly monitoring the market for long, allowing a section of unscrupulous traders to do business of essentials like rice and wheat without having licence and hoard them.
Dealers go rogue with OMS rice
At a time when consumers are hit hard by high prices of rice, a section of government-appointed dealers allegedly sold rice, meant for Open Market Sale programme, in the market.
Govt wasn't alert to depleting stock
Following a blame game over volatility in the rice market, the government and rice traders reached some decisions yesterday to help