This study has focused on impacts of increasing production costs on rice price as well food security situation in Bangladesh. The research report has estimated rice demand according to the consumption rate of growing people. Paddy rice production cost and rice price, and in the same time to find out the earning level of local farmers, is one of the main objectives of this current study. The report has also shown the rice import, procurement and distribution status compared to total food grain situation in recent years. This study has been conducted on the basis of field survey data and secondary data are collected from books, journals, articles and reports of different government and non-government organisations of the last 47 years.