Commerce Advisor Sheikh Bashir Uddin stated that within two weeks, the market will see the arrival of Boro season rice, which is expected to stabilize rice prices. He expressed this optimism during a press briefing following a meeting on edible oil imports and supply chain review on Tuesday, April 15.
He further mentioned that the recent hike in rice prices is unfortunate. However, fine rice varieties like Nazirshail and Miniket are primarily sourced from the Boro season harvest. With favorable weather conditions, electricity supply, and fertilizer availability this year, he anticipates a blessed yield. The arrival of new rice is expected to bring relief to the market.
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