However, traders in Dhaka have warned that the prices of rice could rise by at least Tk1-2 per kg at the end of this month. The prices could further drop to a reasonable level in June next year, if the farmers witness a bumper harvest of Boro crops. Government actionThe government implemented several measures to bring the market prices under control, such as importing rice, taking action against illegal stockpiling and launching subsidised sales. Price drop stalledGovernment initiatives have helped to slash the price of rice, but it is yet to drop to a tolerable level. According to the Trading Corporation Bangladesh (TCB), the prices of coarse rice have remained between Tk45 to Tk50, while the prices of fine rice followed the same pattern.

Source: Dhaka Tribune October 11, 2017 08:15 UTC