>> A Kushtia-based miller, for example, sells a 50kg bag of coarse rice at Tk 1,950 (Tk 39 per kg) and Miniket rice at Tk 2,600 (Tk 52 per kg) to Dhaka. Unlike in previous Boro procurement seasons, rice price has soared this year despite the presence of new rice in markets, said Md Selim, proprietor of Shubho Rice Agency in Babubazar. “Rice prices should be higher if you consider paddy prices,” he said. M Asaduzzaman of BIDS has suggested lowering tax on rice import to normalise the rice market. “We believe removal of the tariff will lower the cost and rice prices will come down once enough rice is imported from India,” said Hasan.

Source: bd News24 June 16, 2017 03:11 UTC