Increased Price of Food Products in Global Market: Rice Market was Also Affected

Reported By: Jafar Ahmed
Written by: Eshan Maitra
Farmers & Agricultural Organization of United Nations and Reuters, both published research reports on gradual price increase of food products in the recent international markets. Though, 261 crores corps will be globally harvested during 2017-18 fiscal year. Still, with little more extra than last year, this amount wouldn’t be enough to hold the past year’s price. This simultaneously affected the markets of the countries Bangladesh imports food from as well. Within only 3 months, importing price for rice from India has increased by 100 dollars. Thus, aiding the rice market’s price hike. Fortunately, food-oil, dairy products, sugar & few other food products’ price remain about the same. The steep hike rice-market faced, would take much longer to stable down.