Prices of rice increased due to various reasons
The price of coarse rice has increased from Tk 200 to 300 per bag of 50 kg in 10 days due to various reasons including low supply in the market due to recent floods. Just a week ago, 50 kg of BR-28 rice fetched Tk 2600. And now you have to pay Tk 2900 to buy it. However, the market for small rice remains unchanged.
The sellers claim that despite the increased demand for coarse rice for relief, the mills are not getting enough rice. Therefore, wholesale prices have increased.
Volunteers buy sacks of rice to distribute in flood situations. As a result, the demand for the product has increased. Unscrupulous traders are taking advantage of this increased demand. At present, coarse rice is being sold in the market at Tk 58 per kg.
Apart from this, the rice shortage is being used as an excuse by the mill owners as usual to increase the prices of all types of coarse rice including Guti, Swarna, and BR-28.
In this regard, SM Nizam Uddin, the owner of M/s Ajmeer Store in Pahartali, Chittagong, told the media that due to the flood, the import of rice has decreased in the districts. Besides, some unscrupulous traders syndicate and stockpile rice, increasing the price.
Meanwhile, the situation is similar to the parboiled rice in the rice market. Iri, Atop of Tk 1,900 is being sold at Tk 2,400, Beti of Tk 2,500 at Tk 2,800, and Katari at Tk 3,200 is being sold at Tk 3,500.
Traders complain that the price of rice is being increased only on the pretext of flood and relief, despite the availability of adequate stocks and the supply system being normal.
Comments