Hilsa price still high despite adequate supply

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Economic Reporter :
The price of Hilsa is not coming down to the expected level despite a good production of the fish in the country and considerable rise in its supply in the city.
Hilsa fish was selling at Tk 600-1,500 a kg based on its size at different markets in the capital on Thursday.
Though the price of Hilsa showed downward trend for sometime in the week before the previous week, it is still 15-25 per cent costlier than it was at the same period of last year, market insiders said.
Kamal Uddin (Pallab), a resident of Jafrabad, West Dhanmondi, bought a medium-sized Hilsa, weighing 800 grammes (gm), at Tk 750 at Rayer Bazar on Thursday.
He said that the price of a similar-sized Hilsa fish was hardly Tk 550 in August last.
Rahman Ali, fish vendor at the market said both supply and prices of the silver fish increased in Mawa, Jatrabari and Shawarighat wholesales in the last seven days.
He said big traders had stored a large amount of Hilsa during Eid-ul-Azha early this month. They are now releasing the fish at high prices to nake a hefty profit.
Rahman was selling small-sized Hilsa (450-600 gm) at Tk 600-800 per kg, medium-sized Tk 800-1,000 and bigger-sized (950+ gm) Tk 1000-1500 a kg.
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