People’s buying power keeps rice price up: JS panel

Despite a bumper harvest rice price is not falling because of increased buying power of the people, a parliamentary standing committee observed on Tuesday.

The committee on food and disaster management ministry also blamed global market for the rising prices in Bangladesh.

At its 26th meeting the committee expressed satisfaction over the stocks and at the stable market price of food grains in the country.

It, however, asked the government to take steps to build farmers' capacity so that they could protect themselves from middlemen in getting the benefits of official food grain procurement.

The committee laid stress on the growers getting the price support from the government's food grain procurement.

It advised the ministry to increase supply of food grains in the market. 

The committee called for the allocation of food grains for relief at the beginning of the fiscal year, and at the end of it, to ensure transparency and stopping misuse of the government's relief programmes.

It also asked the government to make the people aware of disaster management by holding drills and exhibitions.

Source : New Age

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