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The Financial Express

Rice prices to fall further, food minister assures

| Updated: March 22, 2018 10:03:50


Rice prices to fall further, food minister assures

The prices of rice are decreasing and it would decline further as government started importing rice.

Food Minister Qamrul Islam came up with the assurance on Wednesday.

"Comparing to the neighbouring countries, rice prices are not higher in Bangladesh and the price of rice is currently decreasing," the minister said.

He was speaking as chief guest at the inauguration of concurrent three exhibitions on food and agriculture at International Convention Centre Bashundhara (ICCB).

The three events are- '3rd Food & Agro Bangladesh International Expo 2018', '3rd Agro Chem Bangladesh Expo 2018' and '3rd International Poultry & Livestock Expo 2018'.

Citing a report of UN's Food and Agriculture Organisation, the minister said, Bangladesh is achieving food security for long periods consistently, which is an example for the world.

He said, "Currently the farmers are getting electricity, fertilizer, water whatever are needed to work in the field. The country is now self-sufficient in food production."

The minister also stressed on maintaining the rice price in a standard level.

According UNB. he said rice is the staple in the country and the farmers make their living through this rice.

"If they do not get the price of rice properly they will turn away from rice production," the minister said.

Chairman of Bangladesh Food Safety Authority (BFSA) Mohammad Mahfuzul Hoque, Director-General of Rural Development Academy (RDA, BOGRA) M. A. Matin, CEO of CEMS Global USA and Asia Pacific Shahid Sarwar were present among others.

A huge number of agents, distributors, importers, trading companies, wholesalers, retailers, hotels, business representatives, the consumers and other bulk purchaser assembled.

Around 130 exhibitors from nine countries namely Thailand, Indonesia, USA, Malaysia, Sri Lanka, India, China, Russia and Vietnam are showcasing their products and services.

Concurrently, CEMS Global and BSAFE Foundation will jointly organise a concurrent seminar titled 'FoodCon Bangladesh 2018'on Thursday.

A discussion will be held on the topic 'Safe Food and Clean Environment through Sustainable Agriculture'.

The show will remain open for traders and public visitors from10.30 am to 8.30pmevery day from until March 24.

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