Rice prices rising despite surplus: Bangladesh faces rising demand and rising costs

The gap between production and consumption of rice still persists. According to the Agriculture Ministry, production is quite good, at least 50 lakh tonnes more than the demand. Therefore there is no need to import rice. However, despite surplus production, rice prices are rising. Meanwhile, the United States Department of Agriculture (USDA) said rice production […]

CPD urges adjustment in capacity tariff to reduce subsidy burden instead of increasing electricity tariff

“Such amendments have raised questions about the transparency and accountability of the regulatory process. As a result, the entire burden has been placed on the shoulders of consumers which is neither expected nor appreciated”, he said. The CPD proposed a mixed approach to reduce the subsidy amount paid to BPDB without significantly increasing electricity prices […]

Rising prices of daily essential commodities linked to extortion, syndicates and dollar crisis: FBCCI meeting

The prices of everyday essentials have increased in another phase before the holy month of Ramadan. Businessmen have identified four reasons behind this increase in prices of daily essential commodities – high price and dollar crisis, extortion, syndicates and high tariff rates. Common traders involved in the business of daily essential commodities met on Wednesday […]