Rice Price Hike: Profits devoured by middlemen
The rice market in Bangladesh has been volatile for some time now. Prices initially saw a slight decline but have surged again post-elections. Currently, coarse varieties like Swarna and China are being sold at BDT 55-60 per kilogram, medium-grade BRRI Dhan 29 at BDT 61-65, and finer Miniket at BDT 70-75. The premium Nazirshail variety ranges between BDT 75-85 depending on the market, while aromatic rice varieties like Kataribhog are even pricier. This price hike during the peak Aman harvesting season is unusual and suggests that traders are exploiting consumers for undue profit, causing immense hardship to the poor.