State Minister for Commerce Ahasanul Islam Titu on Sunday said the government will fix the prices of rice based on variety and season-based production cost on Pahela Baishakh (April 14).
"Already a framework fixing prices and production cost of rice including at miller level, wholesale level and retail level has been formulated and the Food, Agriculture and Commerce Ministries will inform it after finalising the prices at a meeting," he said.
The minister came up with the information while talking to reporters after attending a task force meeting on the market situation and price of daily essentials at the Secretariat.
Claiming that the government is able to keep the price of daily essentials at tolerable level, the state minister for Commerce, said "We think that we'll be able to keep it at tolerable level till Eid-ul-Fitr. Though there are some challenges and you are all aware about it. In that case transportation is a big challenge and the government is working on it."
Noting that there is plenty of sugar supply, the minister said the government has no interest in importing sugar.
Although the price of rice in the international market has increased by 25 per cent in the last one year, it has not increased more than four per cent in our local market while the price of unrefined oil or palm oil has increased to 13 per cent from the existing 11 per cent, he said.
