Rice prices remain a major concern for food inflation as well as overall inflation, according to a report by the General Economics Division (GED) of the Bangladesh Planning Commission.
Spiralling prices of rice, central to the daily diet of millions of Bangladeshis, are emerging as the principal driver of food inflation, defying broader disinflationary trends and prompting calls from policymakers for a deep dive into the cause.
Prices of several rice varieties, summer vegetables, and broiler chicken have fallen over the past week in kitchen markets across the capital, while onion prices remained steady and potatoes saw a slight increase.
Commerce adviser says after meeting with Turkish trade minister
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
State Minister for Commerce Ahsanul Islam Titu said yesterday that the government will fix rice prices based on variety and seasonal production costs to combat price manipulation in domestic markets starting this Baishakh, the first month of the Bangla calendar.
Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
Rice prices remain a major concern for food inflation as well as overall inflation, according to a report by the General Economics Division (GED) of the Bangladesh Planning Commission.
Spiralling prices of rice, central to the daily diet of millions of Bangladeshis, are emerging as the principal driver of food inflation, defying broader disinflationary trends and prompting calls from policymakers for a deep dive into the cause.
Prices of several rice varieties, summer vegetables, and broiler chicken have fallen over the past week in kitchen markets across the capital, while onion prices remained steady and potatoes saw a slight increase.
Commerce adviser says after meeting with Turkish trade minister
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
State Minister for Commerce Ahsanul Islam Titu said yesterday that the government will fix rice prices based on variety and seasonal production costs to combat price manipulation in domestic markets starting this Baishakh, the first month of the Bangla calendar.
Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
The government initiative to import rice from different sources to beef up the stock and keep the prices stable is yet to see any significant progress.
