Economic Reporter :
Prices of edible oil, winter vegetables, cardamom and some varieties of rice have increased in the city kitchen markets in the last week, although the price of onion witnessed a slight decline during the time.
Medium and finer quality of rice including BRRIdhan-28, miniket and Jeerashail prices rose by Tk 2.0-3.0 per kilogram (kg) at the city retails in the week due to the current off-season for the three varieties of rice.
BRRI-28 was selling at Tk 44-47 per kg, Jeerashail and miniket at Tk 55-67 a kg based on their quality in the retail markets in the city.
Haji Akramul Hoque, a Badamtoli-based rice trader, said prices of the three Boro season varieties have been increased by Tk 40- 60 a per 50-kg sack in last one-and-a-half-week.
Prices of seasonal coarse varieties— BR-11 and Swarna, however, remained almost stable at Tk 34-36 a kg at Badamtoli and Babubazar markets in the last one month, he noted.
The two varieties were selling at Tk 38-42 a kg at the retail markets on Thursday, almost static compared to the prices of seven days back, according to the market sources.
Secretary of Bangladesh Auto Major Husking Mill Owners Association K M Layek Ali said prices of some Boro season varieties increased to some extent amid a decline in supply.
“But there is nothing to worry about as supply of Aman season rice is aplenty,” he said.
The Department of Agricultural Extension (DAE) was expecting 14.7 million tonnes of rice production in the just-ended Aman harvesting season.
Bangladesh produced all-time high 37.2 million tonnes of rice in the last financial year (FY ’19).
Meanwhile, cardamom prices shot up to Tk 5,500-6,200 per kg at the city market last week.
The state-owned Trading Corporation of Bangladesh (TCB) recorded a 20-per cent hike in cardamom prices in the last seven days and 67 per cent in one month.
Traders said a notable price hike in neighbouring country India caused such rise in cardamom prices. India is one of the big cardamom producing countries in South Asia.
Arifur Rahman, a spice trader at Moulovibazar wholesale market in the capital, said a large quantity of cardamom, imported from Guatemala of Latin America, was re-exported to India through informal channels.
Prices of the essential spice is much high in India this season amid a crop loss in the country’s spice hubs in the southern states, he mentioned.
Many traders in Rangpur, Dinajpur, Kurigram, Jashore and Khulna districts purchased a good quantity of cardamom from Chattogram and Moulovibazar in September and October months of 2019, which was much larger in quantity than they normally buy during that time of a year.
He said exporting countries like Guatemala, Tanzania, El Salvador, Papua New Guinea have raised their import costs following a rise in demand by India for its crop loss.
According to the commerce ministry, Bangladesh consumes 7,000-8,000 tonnes of the fragrant spice most of which are imported from Guatemala and India.
Prices of edible oil increased again by Tk1.0-2.0 a litre in seven days. Loose soybean oil was sold at Tk 95-97 a litre on Thursday. Super palm oil was sold at Tk 88-90 a kg on the day.
Prices of local onion varieties witnessed a decline as they were sold at Tk 110-120 per kg which was Tk 130-150 a kg seven days back.
Prices of some winter vegetables like pumpkin, bottle gourd and chilli, have been increased by at least Tk 10-20 per kg or per signle piece in the previous week.
Green chilli was sold at Tk 90-100 a kg, pumpkin Tk 35-40 a kg and bottle gourd at Tk 60-90 per piece based on their size.
Prices of edible oil, winter vegetables, cardamom and some varieties of rice have increased in the city kitchen markets in the last week, although the price of onion witnessed a slight decline during the time.
Medium and finer quality of rice including BRRIdhan-28, miniket and Jeerashail prices rose by Tk 2.0-3.0 per kilogram (kg) at the city retails in the week due to the current off-season for the three varieties of rice.
BRRI-28 was selling at Tk 44-47 per kg, Jeerashail and miniket at Tk 55-67 a kg based on their quality in the retail markets in the city.
Haji Akramul Hoque, a Badamtoli-based rice trader, said prices of the three Boro season varieties have been increased by Tk 40- 60 a per 50-kg sack in last one-and-a-half-week.
Prices of seasonal coarse varieties— BR-11 and Swarna, however, remained almost stable at Tk 34-36 a kg at Badamtoli and Babubazar markets in the last one month, he noted.
The two varieties were selling at Tk 38-42 a kg at the retail markets on Thursday, almost static compared to the prices of seven days back, according to the market sources.
Secretary of Bangladesh Auto Major Husking Mill Owners Association K M Layek Ali said prices of some Boro season varieties increased to some extent amid a decline in supply.
“But there is nothing to worry about as supply of Aman season rice is aplenty,” he said.
The Department of Agricultural Extension (DAE) was expecting 14.7 million tonnes of rice production in the just-ended Aman harvesting season.
Bangladesh produced all-time high 37.2 million tonnes of rice in the last financial year (FY ’19).
Meanwhile, cardamom prices shot up to Tk 5,500-6,200 per kg at the city market last week.
The state-owned Trading Corporation of Bangladesh (TCB) recorded a 20-per cent hike in cardamom prices in the last seven days and 67 per cent in one month.
Traders said a notable price hike in neighbouring country India caused such rise in cardamom prices. India is one of the big cardamom producing countries in South Asia.
Arifur Rahman, a spice trader at Moulovibazar wholesale market in the capital, said a large quantity of cardamom, imported from Guatemala of Latin America, was re-exported to India through informal channels.
Prices of the essential spice is much high in India this season amid a crop loss in the country’s spice hubs in the southern states, he mentioned.
Many traders in Rangpur, Dinajpur, Kurigram, Jashore and Khulna districts purchased a good quantity of cardamom from Chattogram and Moulovibazar in September and October months of 2019, which was much larger in quantity than they normally buy during that time of a year.
He said exporting countries like Guatemala, Tanzania, El Salvador, Papua New Guinea have raised their import costs following a rise in demand by India for its crop loss.
According to the commerce ministry, Bangladesh consumes 7,000-8,000 tonnes of the fragrant spice most of which are imported from Guatemala and India.
Prices of edible oil increased again by Tk1.0-2.0 a litre in seven days. Loose soybean oil was sold at Tk 95-97 a litre on Thursday. Super palm oil was sold at Tk 88-90 a kg on the day.
Prices of local onion varieties witnessed a decline as they were sold at Tk 110-120 per kg which was Tk 130-150 a kg seven days back.
Prices of some winter vegetables like pumpkin, bottle gourd and chilli, have been increased by at least Tk 10-20 per kg or per signle piece in the previous week.
Green chilli was sold at Tk 90-100 a kg, pumpkin Tk 35-40 a kg and bottle gourd at Tk 60-90 per piece based on their size.
