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Wednesday, 09 January 2008

Anti-hoarding drive in Barisal (s)
Rice wholesale prices fall slightly, retail prices unchanged (DC)b

Our Correspondent

Local administration has decided to start anti-hoarding drive and set up mobile courts to monitor wholesale and retail markets of rice in Barisal city from. The decision was taken at the meeting of district taskforce. Wholesale prices of rice marked slight declines in the city after the joint forces started monitoring wholesale market from Sunday, but retail prices remained unchanged on Monday. Wholesale prices fell by Tk 2,000 to Tk 5,000 per tonne from the last week’s levels, and the declining trend would continue, meeting sources claimed. But the lowest retail price remained Tk 31 per kg of coarse rice and Tk 44 for finer grade as they were the day before.

Anti-hoarding drive in Barisal (s)
Rice wholesale prices fall slightly, retail prices unchanged (DC)b

Our Correspondent

Local administration has decided to start anti-hoarding drive and set up mobile courts to monitor wholesale and retail markets of rice in Barisal city from. The decision was taken at the meeting of district taskforce. Wholesale prices of rice marked slight declines in the city after the joint forces started monitoring wholesale market from Sunday, but retail prices remained unchanged on Monday. Wholesale prices fell by Tk 2,000 to Tk 5,000 per tonne from the last week’s levels, and the declining trend would continue, meeting sources claimed. But the lowest retail price remained Tk 31 per kg of coarse rice and Tk 44 for finer grade as they were the day before.

Businessmen, city elite and joint forces officials joined the meeting to discuss the price situation and ways to ease supply of rice. The meeting, chaired by deputy commissioner Manjure Elahi, cautioned against hoarding and selling of rice on black market. It also warned all concerned against any act that could stimulate price hike and hoarding, or spread panic among the people about short supply of rice.

The meeting questioned the role of district marketing officer and Consumer Association of Bangladesh during the rice market volatility.

President and member of the rice wholesalers’ association Khorseduzzaman Murad and Faruk Ahmed, district controller of food ANM Safiul Alam, district marketing officer GM Mohiuddin, CAB official K M Nurunnabi Tuhin, additional deputy commissioner (revenue) Md. Hannan Biswas, administrative magistrate Rokhsana Rahman, joint forces official Major Shafiqul Islam, Rapid Action Battalion official Flight Lieutenant Anisuzzaman, intelligence official Sajjad Taimur and assistant commissioner of Barisal Metropolitan Police AKM Farukul Islam, among others, attended the meeting.

Rice merchants urged that limit of hoarding in the wholesale market should be clearly defined to avoid harassments by the law enforcing agencies. Businessmen cannot afford to sustain loss by selling rice at prices lower than purchasing rates, they argued, defending the higher retail prices.

Civic leaders and officials criticised the ‘failures’ of district marketing officials and consumer rights campaigners to give a clear picture of the rice market before it turned volatile, meeting sources said.

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