Prices of spices go up ahead of Eid
Published : Saturday, 11 August, 2018 at 12:00 AM Count : 146
A good number of syndicates have been active in pushing up the prices of spices over the last one month ahead of Eid-ul-Azha. The kitchen markets in the capital have already seen the rise in prices of different kinds of spices. According to sources, a total of 4.54 crore kilograms of spice imported in the last fiscal year 2017-18. It was 4.14 crore kg in the 2016-17 fiscal year. The sources said a total of 40 lakh kg cardamom was imported in the last fiscal year (2017-18). It was 31 crore kg in 2016-17 fiscal year.
A total of 2.72 crore kg of cumin was imported in the 2017-18 fiscal year. It was 2.42 crore kg in the 2016-17 fiscal year. A total of 1.13 crore kg of cinnamon was imported last year. It was around 70 lakh kg in the 2016-17 fiscal year while 2.80 crore kg of nutmeg was imported in the last fiscal year. Amor Kanti Das, Vice President of the Bangladesh Wholesale Hot (Gorom) Spice Business Association said there is enough stock of spices this year. As a result, there will be no crisis in the Eid supply.
He said: "In the some provinces of India, cultivation of cardamom was destroyed due to flood. As a result, its price has increased this year in our country. However, the prices of cumin, cinnamon, pepper and other spices did not increase that much."
While visiting different kitchen markets in the capital this correspondent found big-size cardamom imported from Kerala and Tamil Nadu is now selling at Tk 2,000 to Tk 2,200 per kg against Tk 1,700 to Tk 1,800 a month before while cardamom of small size imported from Guatemala is selling at Tk 1,500 to Tk 1,800 per kg.
Prices of black and white pepper, cassia leaf, ginger, coriander seeds, nutmeg and garlic have edged up marginally compared to last month. Currently cinnamon is selling at Tk 420 to Tk 450, cumin at Tk 450 to Tk 480 which was Tk 380 to Tk 400 two weeks ago, clove is selling at Tk 1,450 to Tk 1,550, black pepper varies from Tk 1,400 to Tk 1,300 and white pepper at Tk 1,700 to Tk 1,650, cassia leaf at Tk 280 and coriander seeds at Tk 150 to Tk 170 which was Tk 30 less last month.
"There is no scope for any bargaining; even there is no price list," said Ahsan Ullah who came to purchase spices at the Karwan Bazar kitchen market for Eid-ul Azha. He blamed the price hike for the lack of market monitoring by respective authorities and the whims of the traders who charge whatever they want from the helpless buyers. Local onion is selling at Tk 45 to Tk 50 and imported onion is selling at Tk 35 to Tk 40 in the kitchen market.
Garlic was selling at Tk 80 to Tk 100 and ginger at Tk 70 to Tk 80 in the kitchen market. The price of ginger also increased by Tk 5 to Tk 10 a kg over the week and its local variety was retailing at Tk 105 to Tk 120 a kg, while the imported variety was selling at Tk 140 a kg.
Spice importer Faruk Ahmed said the price of cardamom increased the highest in the market. Besides, the price of cumin, cinnamon, turmeric, nutmeg and cloves rose by Tk 20 to Tk 60 per kg in the three months.
Ahsan Habib, spice trader at Rayer Bazar Kitchen Market in the capital, told the Daily Observer: "The price hikes of Eid essentials are tolerable but demand is still lower from expectation as people are busy in cattle market."