Rice prices are rising again
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
January 28, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, JANUARY 28, 2023
Rice prices are rising again

Markets

TBS Report
13 August, 2020, 09:10 pm
Last modified: 13 August, 2020, 09:14 pm

Related News

  • Price of rice to come down as OMS, FFP start: Sadhan
  • 2 Ctg rice warehouses fined for rigging weight
  • Warehouses involved in rice hoarding to be sealed off: Food minister 
  • Dengue fever is rising, so beware
  • Number of millionaires keeps rising in pandemic

Rice prices are rising again

Vendors say the rise in rice prices is due to higher prices in the wholesale market

TBS Report
13 August, 2020, 09:10 pm
Last modified: 13 August, 2020, 09:14 pm
File Photo of rice. Picture: Collected
File Photo of rice. Picture: Collected

The price of different varieties of rice has started rising in the retail markets of Dhaka by at least Tk3 per kg.

In the capital, the price of Miniket rice was Tk52-53 per kg, but for the last two days, it is being sold at Tk54-56. 

Meanwhile, BR28 rice is being sold at Tk50 per kg, which was Tk46-48 even a week ago. Coarse rice was being sold at Tk44-45 per kg, which has increased to Tk46-48.

Abdul Hakim, a private employee who came to Karwan Bazar to buy rice, said, "The price of rice went up only a month and a half ago. This time the price went up yet again. The Miniket that I used to buy for Tk52 had to be bought at Tk54 today."

Vendors say the rise in rice prices is due to higher prices in the wholesale market.

Shariful, a retailer at Sumon Traders in Rampura Bazar, said, "The price of all rice has gone up in the wholesale market. That is why the price has gone up by Tk2-4 per kg in the retail market."

Siddiqur Rahman, a wholesaler at Allah Dan Rice Agency in Karwan Bazar, said the millers had raised prices as the price of paddy has gone up.

Talking to wholesalers, The Business Standard has learned that a 50-kg sack of Miniket rice is being sold at a wholesale price of Tk2,500 – which was Tk2,350 before – showing an increase of Tk150 per sack.

Similarly, BR28 rice sacks are being sold at Tk2,150, which was Tk2,050 and coarse rice sacks at Tk2,100 – which was Tk1,950.

A recent study by BRRI revealed that with the Boro paddy yield this season, 55 lakh tonnes will remain surplus even after meeting the demand till November. However, the price of rice is increasing after a few days.

Responding a query, Layek Ali, general secretary of Bangladesh Auto Major and Husking Mill Owners' Association, claimed that the price of paddy is now high. Millers are facing more expenses after buying paddy at this price. 

"For this reason, there is no alternative to increase the price of rice," he added.

Meanwhile, on Thursday's market analysis by the Trading Corporation of Bangladesh (TCB) shows although the prices of eggs and broiler chickens have come down, the prices of potatoes have gone up. 

Potatoes are being sold at Tk35-40 per kg, which was Tk32-35. Potato prices have risen by 15.36 percent in a week.

Top News

Rice prices / Rising

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Bloomberg
    India state insurer doubles down on Adani amid short seller row
  • Photo: TBS
    TBS Roundtable: What lies ahead in 2023
  • Photo: BBC
    Hubble telescope captures supermassive black hole 'eating a star'

MOST VIEWED

  • Sugar turning bitter!
    Sugar turning bitter!
  • Cry for dollar for Ramadan imports
    Cry for dollar for Ramadan imports
  • DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
    DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
  • Representational image. Picture: Collected
    Spice market won't stabilise unless imports normalise: Consumer rights body
  • Don't panic and buy excess Ramadan items at a time: Tipu Munshi
    Don't panic and buy excess Ramadan items at a time: Tipu Munshi
  • Photo: BSS
    Alarmed Commerce to blame cenbank for any Ramadan item shortage

Related News

  • Price of rice to come down as OMS, FFP start: Sadhan
  • 2 Ctg rice warehouses fined for rigging weight
  • Warehouses involved in rice hoarding to be sealed off: Food minister 
  • Dengue fever is rising, so beware
  • Number of millionaires keeps rising in pandemic

Features

Snipe in flight. Photo: Enam Ul Haque

Baikka Beel: 'A world where snipe work late'

4h | Panorama
Photo: Noor-A-Alam

Pet cafes: Where love for food and animals cohabit

6h | Food
Illustration: TBS

How MFS is turbocharging national economy

9h | Thoughts
Now is the time to focus on FDI composition

Now is the time to focus on FDI composition

11h | Panorama

More Videos from TBS

What does Shahrukh has in his 770 million dollar property?

What does Shahrukh has in his 770 million dollar property?

7m | TBS Entertainment
Gold covered mummy discovered in Egypt

Gold covered mummy discovered in Egypt

4h | TBS World
Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

1d | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

2d | TBS Stories

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]