Rice prices have started to come down in Naogaon Mokam due to increase in Aush paddy in the market and OMS and food friendly programs. A week ago, coarse rice was sold at Tk 55 per kg. Now that rice is being sold at 50 taka. Apart from this, the price of medium and fine rice has decreased by two to three rupees per kg. As a result, the upward trend in the price of rice, which had been going on for several weeks, has come down.
Earlier, traders increased the price of all types of rice by 5 to 7 taka per standard on the pretext of increasing the cost of transportation due to the increase in the price of fuel oil in the beginning of August. However, the price of rice has started to fall as the import duty on rice was cut on August 30 and the government launched OMS and food-friendly programs from Wednesday to ease the suffering of the poor.
Talking to mill owners and rice dealers, it is known that after the announcement of reducing the import duty of rice, the formash (order) of rice produced by the mill has started to decrease. Many have canceled the previous forms. Apart from this, the demand for rice in the retail market has decreased as OMS and food friendly programs have been launched across the country from Wednesday. As a result, retail rice sellers have also reduced the purchase of rice from Mokam. Imported rice has already started arriving in the open market.
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