The Daily Star (Bangladesh), in its review of the impacts of the Russia-Ukraine war on the people of Bangladesh, quotes a report by the International Food Policy Research Institute released in July [2022] which said “Since the wheat grain supply is highly dependent on imports, we expect changes in world prices to have a relatively large effect on the domestic prices of wheat.”
This prediction was spot on, says the article. “In January this year, the prices of wheat flour surged to a record high of Tk 62.26 per kilogramme in Dhaka, up from Tk 34 a year ago, according to prices data compiled by the Food and Agriculture Organisation.”
Republished in Bangi News.
