Govt Forms Special Monitoring Cell to Control Rice Prices

The Government has established a special monitoring cell to control and regulate the country's rice price.

A press release said the monitoring cell was formed following a directive from Food Minister Sadhan Chandra Majumder during a meeting at the Secretariat on Wednesday with high-ranking ministry officials.

The food minister said at the meeting that the price difference between paddy and rice must be maintained in a coherent manner and measures must be taken to ensure that no one can manipulate and inflate the rice prices.

He also said that it must be ensured that farmers get the price they deserve for yields while ensuring that the price of rice remains affordable to consumers.

The minister also directed strict legal against anyone involved in manipulating and inflating rice prices.

Under the Food Ministry and Food Directorate General, a total of seven market monitoring teams were established to halt the trend of spiraling critical market prices, ensure market price stability and fair prices for farmers, the release added.

These teams have been tasked to gather price updates from major wholesale rice markets in Dhaka on a daily basis along with comparing daily prices with the last two days and compiling daily reports.