Source: Google U.K. Edition
The price of rice has spiked in Bangladesh after flash floods wiped out vast stretches of paddy field just ahead of harvest time.
Unusually heavy pre-monsoon rainfall submerged 400,000 hectares of wetland in the northeast of the country, damaging some 2 million tonnes of rice.
It is already having an impact on the market. Agricultural economist Quazi Shahabuddin, former head of the Bangladesh Institute of Development Studies, told Climate Home it will cause suffering across the country this year.
A kilogram of coarse rice costs 38 Bangladeshi taka ($0.57), a 58% hike since the same period in 2016, according to official data.
The government is planning to procure 600,000 tonnes of rice from countries including India and Thailand, the first time in six years it has relied on international markets. The food department has put out a tender for the first 100,000-tonne tranche.
“The sudden flash flood has forced us to do that,” explained Badrul Hasan, director general of the food department.