Rice price still high at retail markets

Dhaka,  Tue,  25 July 2017
Published : 08 Jul 2017, 22:39:47
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Wholesale rice price drop not yet reflected at retail markets

Rising imports have yet to reduce the price of rice at retail, despite a lower wholesale price.

Though traders are selling coarse rice imported from India at a lower price, the price of local varieties like, Swarna, BR-28 and Miniket remains steep.

On Friday, three stores in Mohakhali were selling BR-28 around Tk 50-52 per kg, BR-29 at Tk 54, Miniket at Tk 58, and Najirshail at Tk 60 per kg.

Traders at the Hajji Haider Ali Store said they had bought a 50 kg sack of Najirshail at Tk 2,730 and Miniket at Tk 2,680 a sack on Thursday from Dhaka’s Kachukhet kitchen market.

The store was selling Miniket at Tk 58 per kg and BR-28 and BR-29 at Tk 54.

Biplob Hossain, the manager of Satarkul Rice Agency in Dhaka’s Badda, said the same day that 50kg Miniket rice sacks had been selling for Tk 70 less for almost a week.

The price of coarse rice, BR-28 and Najirshail has dropped by nearly Tk 100 a sack.

A sack of Miniket rice is now Tk 2,630, BR-28 is Tk 2,350, Najirshail Tk 2,650 and coarse rice Tk 2,050.

Hossain said the impact of imports had now reached the mill level and would decrease the price of all rice varieties by Tk 2-3.

But, according to Mohakhali rice seller Manik Miah, the price of rice has not decreased significantly, aside from the coarse Nurjahan Swarna grain, which comes from India.

The trader was selling Nurjahan Swarna at Tk 47 per kg and Tk 2,200 a sack. Miniket was priced at Tk 2,700 and was sold at retail at Tk 56 per kg, according to bdnews24.com.

 
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