# Panic buying raises prices of commodities | The Business Standard

> Panic buying in Dhaka pushed prices of rice, flour and household goods up 10 to 20 percent as consumers stocked up over coronavirus fears. Retailers reported sales tripling in a day at Karwan Bazar.

- Date: 2020-03-18 · published 2020-03-18T12:00:00.000Z
- Category: market · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/7551-panic-buying-raises-prices-of-commodities-the-business-standard
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

This is a local retail demand spike in Bangladesh with limited direct effect on global feed grain prices.

## Read by commodity

- RICE: bullish ▲

## Sources

- tbsnews.net: https://www.tbsnews.net/markets/panic-buying-raises-prices-commodities-57973

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.