Despite the highest ever domestic production production, and comfortable public stock the retail rice price is at the historical peak. The Ministry of Food approved quick import of 1.7 million ton rice from international market to curb the soaring rice price. Do you think that this big import will be able to control rice market? This big import might hurt the rice farmers as well.
If the the farmers get the higher price of rice, then it is good sign.
The little importing is permitted for increasing buffer stock. I think we will get a bumper harvest from on going Aman 2021 crop, then the import will be stopped. If the farmers are deprived to getting desirable price, then the import might hurt the rice farmers.
Thank you Anas Maaroof and Biswajit Karmakar for you thoughts. Policy preparedness is essential for a stable rice market.
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