Dhaka, June 28 -- With the monsoon just 12 days in, consumers in Dhaka are already feeling the pinch as prices of daily essentials particularly rice and vegetables have surged across major retail markets including Jatrabari, Mohammadpur Krishi Market, and Karwan Bazar.
Despite a stable supply of freshly harvested Boro paddy, rice prices have unexpectedly increased. Traders attribute the rise to a sudden hike in raw paddy prices at production sites earlier this month. This triggered a chain reaction, driving up both wholesale and retail rates for various rice varieties.
Currently, popular Miniket rice from brands like Diamond, Monjur, Sagar, and Rasid is selling for Tk 80-82 per kilogram, up from Tk 75-76 before Eid-an increase of Tk 5-6. ...