In the beginning of the year, prices of all varieties of rice increased by at least Tk 2 and perfumed rice by Tk 3 each kilogram. For the rice price hike at that time, Dhaka rice traders had blamed the rice millers. Worried over the spiralling rice prices, Food Minister Sadhan Chandra Majumder and Commerce Minister Tipu Munshi sat with the leaders of the rice millers and traders associations on Jan 7– three days after they were sworn into the cabinet. Claiming that the market was stable, rice millers told the meeting that prices temporarily soared due to disruption in the supply chain caused by the Dec 30 elections. “In the beginning of the year, some millers stopped taking orders, leading to rice price spike,” said Shawon.

Source: bd News24 January 18, 2019 20:48 UTC