Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Saturday, January 23, 2021 01:06:56 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

CPD for formation of Agri Price Commission to stabilize market

  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Share your thought
Post a comment »
Read all () »

Economic Reporter :
Centre for Policy Dialogue (CPD) on Sunday underscored the need for formation of Agriculture Price Commission (APC) to bring stability in the market of commodities in Bangladesh.
Distinguished Fellow of the organization Dr Debapriya Bhattacharya made the call at a webinar organized by Citizen's Platform for SDGs, Bangladesh titled-"Why is the price of rice going up? Whose profit, whose loss?."
"The commission will fix the prices of all agriculture produces to maintain stability  in the market," he said.
The noted economist said policy efficiency and social accountability should be increased in the country. "If rice prices rise unusually, the pressure falls on the poor and middle income people. The agriculture sector has improved but there is no improvement in the farmers' condition," he also said.
Dr Debapriya said the policymakers did not take initiative to control the market that's why rice prices went up here. "The government has reduced duty on rice import from 62 to 25 percent. But no rice yet to reach retail market due to delayed decision," he added, reports UNB.
He also added the prices may soar ahead of the month of Ramadan and it will be a reason of tension for many if proper initiatives are not taken. "Small and medium farmers should be given more priority as many farmers claimed that they did not get proper support from the government during the COVID-19 pandemic," he added.
Bangladesh should lay more emphasis on research and technology use in the agriculture sector, he said adding the government's purchasing centre should be built at union level to ensure fair prices for farmers.
Director General of Bangladesh Rice Research Institute (BRRI) Dr Md Shahjahan Kabir said there is no worry over food crisis in the country. "Around 30 lakh metric tonnes of rice will be surplus in June in the country. Bumper Boro and Aus paddy was achieved in the last season and Aman rice varieties will come soon. So there will not be food crisis," he added.
AKM Khorshed Alam Khan, president of Bangladesh Auto Rice Mill Owners' Association said the rice prices go up due to poor harvest and stock. Besides different costs including electricity, energy and labour wages also are reasons behind the price hike.  "A group of companies is responsible behind the rice price hike, not small and medium millers," he also said.  
Md Emaz Uddin Pramanik, MP, said, "Those who play with the prices of rice here don't love the country. They are like those who did not want independent Bangladesh during the Liberation War," he also added.
Director General of Bangladesh Agricultural Research Institute (BARI) Dr Md Nazirul Islam, Director General of Bangladesh Institute of Nuclear Agriculture (BINA) Dr Mirza Mofazzal Islam, noted journalist Shykh Seraj were, among others, present.
According to the Food Ministry, the total government stock of food grains is 07.26 lakh mts, Of this, rice is 05.32 lakh mts and wheat is 1.94 lakh mts till January 06, 2021.
"The price of coarse rice increased 46.15 percent a kg, medium 20.00 percent and fine one went up by 7.02 percent compared to the previous year," according to the data of state run Trading Corporation (TCB) on January 9.

Add Rate

News Archive

Inside The New Nation

Editorial »

Excess liquidity a big threat to banking sector

REPORT in a national daily on Friday said Bangladesh Bank is in a quagmire sitting on huge excess liquidity from escalating remittance along with implementation of over Tk 2 trillion stimulus packages in one hand while private sector credit demand is quite for lack of investment and lower import bills ...

Football »

Liverpool`s 68-match unbeaten home record ended by Burnley

Agency :Champions Liverpool suffered a shock 1-0 defeat to lowly Burnley on Thursday, ending their 68 match unbeaten home record in the Premier League as their title defense continued to fade.An 83rd minute penalty from Ashley Barnes, after he was brought down by goalkeeper Alisson Becker, decided the contest after ...

Entertainment »

Sabila, Apurba`s Tipu Sultana coming Valentine`s Day

Sheikh Arif Bulbon :Within very short time Ziaul Faruk Apurba and Sabila Nur-starrer drama Exchange, directed by Rubel Hasan, crossed 1 crore views. To cast them again, this time Mohidul Mohim has made a special drama titled Tipu Sultana on the occasion of coming Valentine’s Day. Mohim also wrote story ...

Editorial »

Bangladesh still risks losing EU GSP benefits

Bangladesh is still at risk of losing the European Union's (EU's) generalised system of preferences (GSP) plus as the latter has again warned about its readiness to launch the procedure for withdrawal of preferences in case of the country's failure to produce sufficient results. A news report in a national ...

City »

Director of ISPR Lt. Col. Abdullah Ibne Jayed greets Secretary of Defence Ministry Dr. Abu Hena Mostofa Kamal as the latter has been promoted to NDC Senior Secretary.


International »

Mongolian Prime Minister submits resignation after Covid-19 protests

Reuters :Mongolia's Prime Minister Khurelsukh Ukhnaa submitted his resignation to parliament on Thursday after protests in the capital Ulaanbaatar over the government's handling of the COVID-19 pandemic, the state news agency Montsame reported.Khurelsukh said in his resignation statement that he should "assume the responsibility upon himself and accept the demand ...

Entertainment »

Shraddha becomes voice of voiceless yet again

Shraddha Kapoor being a wonderful actor and a wonderful person, she adds meaning to the word empathy every time she does something in support for the speechless and needy. Recently, the actress has raised her voice to show support for the voiceless animals by asking people to sign a petition ...

Editorial »

Ensure education more equal in the new normal after opening

A STUDY showed distance learning programmes through television, radio and internet, adopted after the school closure due to Covid-19, remain by and large ineffective. The interim Education Watch Report 2020-21 said the prolonged closure results in growing monotony and boredom in millions of children who are confined to their home, ...

Football »

Messi given two-game ban for Super Cup red card

Agency :Barcelona captain Lionel Messi has escaped a lengthy ban for lashing out at Athletic Bilbao's Asier Villalibre in Sunday's Spanish Super Cup final defeat and will only serve a two-game suspension.The Spanish soccer federation (RFEF) said on Tuesday Messi had been banned for two matches, meaning he will miss ...

International »

BJP more dangerous than Maoists: Mamata

Times of India :West Bengal chief minister Mamata Banerjee on Tuesday called the BJP more dangerous than the Maoists and accused the saffron party of making false promises to the people of the state before elections.The TMC supremo, whose party is witnessing an exodus ahead of the assembly elections due ...

Business & Economy »

NRB Bank gets new EC Chairman

Business Desk :Khandakar Ruhul Amin has been elected as Executive Committee Chairman of NRB Bank Limited at a meeting of the board of directors of the bank held recently.He is also the Chairman of Sonaimuri Upazilla Parishad of Noakhali District. Amin is a versatile and seasoned business professional with extensive ...

Entertainment »

Mamo`s Agamikal movie to be released in March

Sheikh Arif Bulbon :National Film Award winner actress Zakia Bari Mamo-starrer movie Agamikal is scheduled to be released in March. Producer of the movie Tutul Chowdhury confirmed the matter yesterday. “We are trying to release the movie on the occasion of coming Independence Day. We are also taking necessary preparations ...

Editorial »

Good planning still pays

MEDIA report in a national daily on Tuesday highlighted how bad planning and good planning of development projects make huge cost differentials and none but project officials at respective Ministries and at Planning Commission who make cost estimates are the ones can't avoid the responsibility. It said the Local Government ...

City »

Helena nominated Member of Women Affairs Central Sub-Committee of AL

Advisory Council Member of Cumilla Uttar Zilla Awami League, Director of FBCCI and Founding Chairman and CEO of Joyjatra Television Helena Zahangir has been nominated Member of Women Affairs Central Sub-Committee of Bangladesh Awami League.

Entertainment »

Alia Bhatt hospitalized during shooting

Alia Bhatt is quite a workaholic and puts in a lot of effort in every project. The actress is trying to complete the shoot of her next Gangubai Kathiawadi which had been stalled for the longest time due to the lockdown. However working for this gritty drama which is helmed ...

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