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Action to follow if anyone tries to destabilise rice market: Sadhan

Staff Correspondent
30 May 2022 00:00:00 | Update: 30 May 2022 00:13:47
Action to follow if anyone tries to destabilise rice market: Sadhan
There is an unhealthy competition among traders to buy and stockpile paddy — Rajib Dhar

Food Minister Sadhan Chandra Majumder on Sunday warned that action will be taken against those who will try to destabilise the rice market in the country.

The minister came up with the warning at a view exchange meeting regarding the internal procurement of boro paddy this year and market monitoring, joining virtually from his office at the Secretariat in Dhaka, a press release said.

“There is an unhealthy competition among traders to buy and stockpile paddy,” he said, adding that such a competition will not bring good results.

Sadhan said the rice millers have to send reports to officials at the Directorate General of Food regarding the amount of paddy they are purchasing and the amount of rice they are releasing in the market after processing.

Mentioning that various corporate houses have started rice business, he said, “They are buying and packaging rice and selling those in the market at higher prices.”

The minister also instructed the officials of the directorate to hold a meeting as soon as possible with the corporate houses involved in rice business.

The minister said confusion has been spreading over rumours that wheat is not being supplied from India.

“However, not only India but also many countries of the world have sent letters expressing interest in supplying wheat to Bangladesh.”

Sadhan said, “We have to make the boro paddy procurement a success and side by side continue market monitoring activities. We have to remain vigilant so that no one can destabilise the market.”

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