Advisers propound theories behind rice price spirals

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Agriculture Advisor Dr CS Karim and Foreign Adviser Dr Iftekhar Ahmed Chowdhury came up with various theories behind the rising prices of rice despite a bumper Boro harvest as journalists caught them off-guard at the Foreign Ministry Monday, reports UNB.

As the advisers emerged from a meeting with the Russian and Moroccan Ambassadors on procurement of fertilizer, they were asked why the rice prices did not come down and whether the government would import food-grains.

Foreign Adviser Dr Iftekhar said Boro and Aman production this year would hopefully exceed 30 million tonnes. In spite of this, he said, the government wants to build up a strategic reserve of food-grains.