Bangladesh Government To Discontinue Rice Subsidy

The Bangladeshi caretaker government has stopped subsidy to coarse variety of rice sold at all the fair price outlets in capital Dhaka in the wake of increasing global rice prices.

The government decision forced closure of 75 outlets run by paramilitary Bangladesh Rifles (BDR) from Friday. The rice was sold at 25 taka (about 36 U.S. cents) per Kg, cheaper than open market. Poor people were the buyers of such coarse rice.

Bangladesh has lost huge food grains due to the constant flooding and cyclone Sidr last year.