Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Tuesday, January 23, 2018 02:20:02 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Huge rice import shows food security at stake

Share your thought
Post a comment »
Read all () »

THE government's desperate moves to import food grains from abroad; particularly rice from some East Asian countries shows the big supply short-fall in the government stock. Bangladesh has a total supply short-fall of 12 lakhs tonnes as per the government estimates. The US Department of Agriculture however estimates the short-fall at 15 lakhs tonnes to highlight a situation of utter lack of food security as the rice market is heating up with escalated price. It emerged at a time when the government was boasting with claims of food self-sufficiency of the country and even exported certain quantity to Sri Lanka.
The sudden short-fall in the government stock, which was reported as low as 1.9 lakh tonnes in last May, was in fact unimaginable given the track records of past two decades level of stock. Rice production in Bangladesh witnessed a breakthrough with manifold rise in productivity in the meantime to give us a sense of complacence that the nation's basic food security is now ensured from domestic production. But growth in agricultural sector suffered severely over the past and the food crisis apparently resulted from it.    
Many wonder why the government was not maintaining enough buffer stock to avoid emergency situation like the one we witness now. Even early this year it sold rice from government godowns under a politically tailored programme at huge subsidized price meant for ultra-poor families. Most of such deliveries were however misused by partymen as they grabbed the stock and sold it to black market. Now the government is running abroad to buy rice at huge cost to create the minimum national stock to ensure food security. It is not clearly understood why the government has neglected to maintain the minimum buffer stock for national food security at crisis time.  
Rice price has meanwhile soared in the local market with the disclosure that the government has no stock to make market intervention. Fine rice now sells at Tk 60 per kg which sold at Tk 45 two to three months back. Coarse rice now sells at Tk 40 to 45 as common people's affordability has come under severe stress. The situation has been exacerbated by failure to make procurement of Aman rice early this year due largely for non-cooperation of millers to buy for the government and supply government silos at  fixed price. Many millers are also lawmakers from the ruling party and reportedly wanted higher price to put procurement of Aman crop to failure. Meanwhile large-scale failure of Boro crops in flash floods in May this year has further worsened the situation.
Many believe that the huge rice import may bring the opportunity to government leaders to make huge fortune. Big buying means big corruptions as the money will come from government exchequer. We advise vigilance against such practice.  

Add Rate

News Archive

Inside The New Nation

Editorial »

Banking sector is doomed, merger or no merger

FINANCE Minister AMA Muhith has recommended Bangladesh Bank to start merger of problem banks, but experts fear that such a move would not stop the rot the country's banking sector is facing. On December 28, Muhith wrote a letter to BB Governor Fazle Kabir pointing out that it was the ...

Sports »

Romania's Simona Halep celebrates after defeating Japan's Naomi Osaka during their fourth round match at the Australian Open tennis championships in Melbourne, Australia on Monday.

International »

Turkey in new assault on Kurdish militia on Syria

AFP  :Turkey on Monday shelled Kurdish militia targets in Syria and claimed progress in a cross-border offensive that has stoked concern among its allies and neighbours.The Turkish military on Saturday launched operation "Olive Branch", its second major incursion into Syrian territory during the seven-year civil war.The operation, where Turkish war ...

City »

BNP Standing Committee Member Gayeshwar Chandra Roy, among others, at a protest rally organised by Akhtar Hossain Mukti Parishad at the Jatiya Press Club on Monday demanding release of all BNP leaders including Organizing Secretary of Dhaka Mahanagar Uttar Akhtar Hossain.

Entertainment »

Yami Gautam applauds India’s win at Blind Cricket World Cup 2018

Bollywood actress Yami Gautam took to Twitter to applaud the victory of India at the Blind Cricket World Cup 2018. India retained Blind Cricket World Cup title after beating Pakistan by two wickets in a thrilling final played at the Sharjah Cricket Stadium in UAE on Saturday. India had previously ...

Entertainment »

Razzak’s birthday today

Entertainment Report :If he would alive today he will turn into 77. He died on August 21 of 2017. His sudden demise made a gap in the field industry. He was basically a guardian in film arena. Today is birthday of legendary film actor Razzak. Younger son of Razzak, Khalid ...

Editorial »

Migrant workers` early death should worry our govt

A NATIONAL daily reported that at least 3,480 Bangladeshi workers died abroad in 2017, mostly due to stroke or heart attack. Unbearable physical and mental stress, workload, malnutrition, ill health care, thin sleep and rest time, and unhygienic living decrease the life expectancy of the Bangladeshi expatriates workers working in ...

Cricket »

Star all-rounder Shakib in Marquee' player list for IPL Auction

World no. one all-rounder rounder Shakib Al Hasan booked his place in the IPL auctions as a 'Marquee' player list with a base price of RS 2 Crore which is the base price for the all 16 elite players in the Marquee Players' list.The star all-rounder Shakib was placed alongside ...

Entertainment »

Shreya Ghoshal sang a romantic song in Tum Se Milkar

Shreya Ghoshal is known as the melody queen when it comes to romantic songs and her songs are loved by listeners worldwide and this is the reason Shreya is the prime choice for all the film makers whose films are based on romantic theme. Recently Shreya recorded a beautiful romantic ...

City »

A crest being presented to Prime Minister Sheikh Hasina at the inaugural session of 4000th Parakendra at Mitingachhari in Kaptai Upazila through a video conferencing organised jointly by Parbatya Chattagram Development Board and UNICEF from a hotel in the city on Sunday.

International »

Jordan`s king says East Jerusalem must be capital of Palestinian state

Reuters, Amman :Jordan's King Abdullah expressed concern on Sunday over a decision by Washington to recognize Jerusalem as Israel's capital, saying East Jerusalem had to be the capital of a future Palestinian state.In remarks during talks with U.S. Vice Mike Pence in Amman, the king said the only solution to ...

Editorial »

Repatriation will be useless if Myanmar not considers Rohingya as citizens

DHAKA and Naypyidaw both are now making final preparations to repatriate and receive the first batch of Rohingya Muslims despite protest from different quarters for not ensuring their security and fearless movement. According to media reports, Rakhine State's Chief Minister Nyi Pu insisted on completion of the finishing touches on ...

Sports »

Romania`s Ana Bogdan makes a forehand return to United States` Madison Keys during their third round match at the Australian Open tennis championships in Melbourne, Australia on Saturday.

Entertainment »

Aparna in psychological thriller film

Entertainment Desk :National Award  winning actress  Aparna Ghosh has always been lauded for choosing experimental projects for film. Being popular in small screen, she is famous in big screen as well for her extraordinary acting and simplistic smile.The actor steeped into the media through acting in a TV drama titled ...

City »

Different organisations placed floral wreaths at the plaque of Shaheed Asad in front of the main gate of Dhaka Medical College on Saturday marking Shaheed Asad Day.

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news