Government Must Provide Subsidies to Farmers to Encourage Food Production

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The government on Tuesday launched drives across the country against illegal rice hoarders and traders, a day after the Prime Minister ordered strict measures to check the prices of the essential commodity. Eight teams of the Food Ministry launched the drives to detect those involved in creating an artificial crisis by hoarding rice illegally. They are taking legal steps against them. As part of the measures, letters will be sent to deputy commissioners and national security intelligence.

Amid the rice price hike in Bangladesh, Open Market Sales (OMS) trucks were seen selling rice at Tk 30 per kg in the capital on Tuesday. In the past month, prices of rice have gone up by Tk 5-8 per kg, and in the last week, alarmingly up by Tk 2-5 per kg. In Naogaon, one of the largest rice hubs in the country, the price of rice has skyrocketed during the Boro season in a week. On Tuesday, the price increased by Tk 200 to Tk 300 per sack (50kg) in the wholesale market, thus affecting the retail market. They claimed that the cost of rice production had also gone up due to the rise in paddy prices. The price had to be increased to adjust the cost.


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