Dhaka, Jan 24 (V7N) — The rice market in Bangladesh continues to face instability, with no measures—whether increasing domestic production or importing rice—able to curb the rising prices.

Currently, a kilogram of coarse rice, commonly consumed by low-income households, is selling for 55 taka, while Nazirshail or Miniket varieties are priced at 80-90 taka per kg, depending on quality. This surge is making it increasingly difficult for buyers with limited incomes to afford their staple food.

Retailers and wholesalers are blaming rice millers, alleging that a handful of large corporate entities are syndicating at the mill level to drive up prices. Meanwhile, millers cite rising fuel and transportation costs as a factor affecting production and distribution. They also point to the increase in paddy prices as a contributing factor.

Despite the first consignment of rice imported from India on January 19, sellers say it has not had any noticeable impact on stabilizing the market.

Market analysts also note that international rice prices remain high. With India restricting exports, prices for rice from Thailand and Vietnam have surged. In the last fiscal year (2024-25), the price of imported rice per ton reached a maximum of 78,000 taka, which has now risen to 86,400 taka in the current fiscal year.

END/SMA/AJ