Rice prices rise after Boro harvest season, putting pressure on low-income consumers

Staff Report, PNN

Rice prices have started increasing in various markets across the country even before the completion of the Boro paddy procurement season. Prices of all categories of rice—fine, medium, and coarse—have risen by several taka per kilogram, raising concerns among consumers.

Market traders say that wholesale prices have increased in recent weeks, forcing retailers to adjust prices in the retail market.

Mill owners say paddy stocks with farmers are now very limited, as most of the harvest has already been sold to traders and stockholders. As a result, paddy prices have increased, directly affecting rice prices.

A visit to several markets in the capital shows price increases across all rice categories. Consumers complain that despite a good harvest season, they are not benefiting from expected price stability.

Rice traders also blame government food grain procurement activities for influencing the market. They say government purchasing has reduced open-market supply, pushing prices upward.

However, government officials remain optimistic, saying the country has sufficient food stocks and there is no supply shortage. They describe the price fluctuation as normal and not a cause for panic.

Food sector sources confirm that government warehouses hold significant stocks of rice and wheat, and ongoing procurement will further increase reserves. Authorities say they are prepared to intervene if necessary to stabilize the market.

Economists warn that since rice is a staple food, price increases directly affect household expenses, and close monitoring of the market is essential to prevent artificial shortages or manipulation.

While there is no major crisis yet, analysts say continued price increases could create additional pressure on low and middle-income families.