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17th December, 2020 10:18:42
The rice market may turn volatile as natural disasters, including flood, cyclone and heavy monsoon rains, have affected the country’s rice production this year.
A staple shortage deepened after multiple natural disasters, also causing a rise in the price of rice in the local market and forcing the government to import rice.
The floods, which started with heavy rainfall on June 17, did not recede until the end of August and have caused Bangladesh’s 200-plus rivers to overflow, impacting over 40 per cent of Bangladesh’s landmass.
Food Minister Sadhan Chandra Majumder, however, said there is no crisis of rice in the country but some unscrupulous businessmen are trying to manipulate the price to make hefty profits.
17th December, 2020 10:18:42
The rice market may turn volatile as natural disasters, including flood, cyclone and heavy monsoon rains, have affected the country’s rice production this year.
A staple shortage deepened after multiple natural disasters, also causing a rise in the price of rice in the local market and forcing the government to import rice.
The floods, which started with heavy rainfall on June 17, did not recede until the end of August and have caused Bangladesh’s 200-plus rivers to overflow, impacting over 40 per cent of Bangladesh’s landmass.
Food Minister Sadhan Chandra Majumder, however, said there is no crisis of rice in the country but some unscrupulous businessmen are trying to manipulate the price to make hefty profits.