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Research Article Open access CC BY 4.0

Analysis of Recent Rice Price Dynamics in Bangladesh: Causes and Policy Options

Mohammad Chhiddikur Rahman, Md. Abdur Rouf Sarkar, Md. Abdus Salam, Jahangir Alam, Md. Mosharraf Uddin Molla, Md. Saidur Rahman, Syful Islam, Mohammad Reza Ahmed Khan, Md. Mahbubur Rahman

Asian Journal of Agricultural Extension, Economics & Sociology · pp. 54–69 · Published 15 Dec 2021

10.9734/ajaees/2021/v39i1230803

Abstract

Rice availability and affordability are the key determinants of food security in Bangladesh. Therefore, it becomes the most important crop for the social and political economy of the country. Although a tremendous technological advancement contributed to the increasing trend of rice production, its affordability threatened due to the increasing price at the consumers’ level. The recent natural calamities and COVID-19 have worsened the food security status across the world. This research has estimated the demand and supply of rice in the pandemic era and figured out the drivers of recent price hike both in the producers’ and consumers’ levels using empirical and cognitive approaches. Based on the findings, some actionable policy options have been suggested to address the price level of rice in Bangladesh towards sustaining food security.

COVID-19 demand food security market price rice disposal supply.

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