Country has no shortage of rice: Commerce Adviser

There is no reason for price hike in the market as the country currently has no scarcity of rice, said Commerce Adviser Sheikh Bashir Uddin.

He made the statement while inaugurating the nationwide selling programme of goods by the Trading Corporation of Bangladesh (TCB) among smart family cardholders at Dipikarmor of Bagunbari in the capital on Wednesday morning.

There is no valid reason to increase the price of rice as no shortage of rice supply in the market, no scarcity in the stock, even no scarcity in local production, he lamented.

The adviser also said that they are trying to find out the cause behind the price hike.

He expressed hope that rice prices will go down within a few days.

Bashir blamed sudden hoarding of rice by some fraudulent traders for the price hike of the food grain in the market.

The central bank governor and TCB chairman Brigadier General Md Mostafa Iqbal held a recent meeting aiming to curb the commodity price at the local markets.