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Traders are selling rice on the capital market at a higher price by increasing this opportunity a little more.
As the price of rice continues to rise, Food Minister Sadhan Chandra Majumder set the price at the mill level for October after a lengthy meeting with wholesalers and mill owners on September 29.
He set the price for a bag of good quality Miniket rice weighing 50 kg at Tk 2575 at the mill gate and the price for medium quality rice at Tk 2150-2250. The mill owners and traders had promised the minister that the rice would be sold at a reasonable profit in the next stages of commercialization.
However, several retail outlets in the capital were visited on Thursday, and Miniket rice was sold for Rs 56 to Rs 58 per kg, with bags costing Rs 2,900 per bag. Coarse rice is sold for Rs 54, in bags at Rs 2,600.
When asked why the price is higher, some shopkeepers said that although the government has set the price, it is not actually doing so. They are selling at higher prices because they have to buy at higher prices.
Mohiuddin Harun, a rice wholesaler at Shah Ali’s market in Mirpur, told bdnews24.com: “The market is under some control as the government has set the prices. In the last days of the last seven days, the rice It was bought at a fixed price, but now the price has risen again.The mill owners are adding another Rs 50 to the price of the bag with the rice.
“Also, the transport of rice from the district city to Dhaka costs 80 Tk per bag. Combining the cost of transportation and the cost of the sack, the price of rice miniket per bag is Rs. Rice is now being sold at a price of Rs 2,800 or more for a profit. BR Atash and the pajamas sell for Rs 2,350. “
A vendor from the Pirerbagh Bismillah rice agency said they were selling 50 kg bags of the Rashid and Mozammel brands of miniket rice for 2,800 tak. Dolphin brand Miniket rice sells for Rs 2,650, while BR Atash gold, pajamas and rice from different companies sell for Rs 2,360 to 2,400 per bag.
When asked why the price was higher than the price set by the government, he said: “Rice is not bought at the price set by the government. Factory owners write Miniket Rs 2,575 per bag on the invoice, but actually it stays at Rs 2,650 to Rs 280. With this, another Rs 80 is added for the cost of transportation. So the price has gone up a bit. “
Mohammad Russell of Russell Traders in West Agargaon told bdnews24.com: “A 50 kg bag of Arrow brand rice sells for Tk 2,650. Coarse rice sells for 2,350 rupees. Factories have now started adding new beds. “.
However, Mahtam Uddin, a resident of the Rajabazar area, who came to shop at Karwan Bazar, sees these sellers’ arguments as a super-profit tactic.
He told bdnews24.com that there is no rice below 50 Tk in grocery stores. The price of miniket rice is around Rs 60 per kg. However, according to the government announcement, fine rice could be within 55 rupees per kg and coarse rice could be below 50 rupees per kg.
“The government could not break the strong union.”
Tariq Anam, director of marketing for Rashid Rice Agency, one of the largest rice mills in the country, told bdnews24.com: However, we are selling rice at the price set by the government. However, due to the way the price of rice rises, rice cannot be sold at this price for too long. We have to raise the price ”.
Currently, the price of most rice on the market has risen to 1,300 taka an ounce, he said. “The price of rice has risen by 50 taka in a week. The government is only putting pressure on the mill owners without looking at the rice field. But the market cannot be controlled by insisting on the mills without supervising all parties.”
When asked why he kept the price of the bags with rice, he said: “Now the profit is very low. In that case, you will have to spend another 52 rupees for each bag. If we do not have this money, there will be no profit margin. “.
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