Government must be strict in controlling soaring rice prices

Despite having sufficient stocks, the price of rice has gradually increased for the last three months.

Everyone thought that the price of Aman rice would come down once it hit the market.

But even after arrival, the price did not come down. Rather, the price has been increased by 300 taka per bag (50 kg) from the mill level in a week.

As a result, the price has increased drastically in the wholesale market. This has affected the retail market.

As a result, buyers are buying rice at a higher price of 2 to 5 taka per kg. The same trend was observed in the country last year as well.

The question of why the rice market is unstable for a few days in a row despite there being no shortage in stock and supply remains unanswered.

There is much discussion about how the rice market is being destabilized through manipulation.

The question is, why are the authorities showing leniency towards those who manipulate?

Not just rice, but almost every daily commodity market has been unstable for the past few months.

If order is lost in the market, prices of goods can increase at an abnormal rate.

Recently, while potato and egg traders have made abnormal profits, onion traders have also created instability in the market.

This has also affected the vegetable market. The instability in the potato market this year was unprecedented. It can be said that the country’s market system has become hostage to the syndicate.

Syndicates are manipulating the market, dishonest traders are making huge profits by adopting dishonest methods – is there no one to see this?

It is known that the prices of some products have increased at the beginning of the year.

According to TCB, the prices of coarse rice, packaged flour, lentils and moong dal, onions, garlic, ginger and four types of spices will be available in the capital’s markets from January 8 to 11 and the prices of 13 products have increased; in some cases by 2 taka, in some by 50 taka.

This year, the prices of winter vegetables have increased at an abnormal rate.

Those who were in charge in the past, despite talking about taking various steps, could not break the market syndicate. Therefore, the countrymen are looking to the interim government.

To establish order in the market, authorities must be strict against unscrupulous traders.