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Holy Month Of Ramadan Approaches

Prices of essentials keep on soaring

Published : Saturday, 20 May, 2017 at 12:00 AM Count : 151

The prices of rice, sugar, gram, local onion and lentil have increased in the kitchen markets of the capital this week.
Traders attributed syndicate for the hike. They said though the prices of products are supposed to come down instead of increasing during this Ramadan, but the syndicate created by the businessmen is controlling the markets in such a way that prices of essential products kept soaring.
"The government should take stern action for curbing the prices of products and stop the reinforcement of irregularities by businessmen," they added.
When visiting different kitchen markets in the capital on Friday this correspondent found the price of coarse rice marked an increase by 71.70 per cent compared to the rate last year while the hike is 12.35 per cent in the last month. Coarse variety rice was selling at Tk 48 to Tk 50 per kg in the market. It was selling at Tk 28 to Tk 30 on the same day last year and Tk 35 to Tk 38 a month ago.
At present fine variety of rice was selling at Tk 50 to Tk 52 per kg in the market. Its price was Tk 32 to Tk 35 on the same day last year while the rate was Tk 40 to Tk 42 in the last month.
Meanwhile, the prices of sugar, gram and edible oil kept fluctuating in the markets. Gram is now being sold at Tk 95 to Tk 110 a kg which was sold at Tk 75 a kg three weeks ago. The price of sugar has risen to Tk 75 from Tk 68 a kg. In the year-on-year price hike race, coarse rice tops the chart followed by medium varieties rice, mung lentils, brinjal, beef, ginger, fine rice, sugar, salt and palm oil.
The price of medium rice soared by 41.79 per cent compared to rate last year while the hike was 7.93 per cent in last one month. Brinjil was selling at Tk 30 to Tk 45 a kg, bitter gourd at Tk 40 to Tk 50 a kg, cucumber at Tk 35 to Tk 40 a kg, bottle gourd at Tk 30 to Tk 42 per piece, okra at Tk 40 a kg, papaya at Tk 35 a kg, radish at Tk 30 a kg and beans at Tk 35 to Tk 45 a kg. Potato was selling at Tk 20 a kg on Friday.  The price of broiler chicken decreased by Tk 10 a kg and the item was selling at Tk 140 to Tk 150 a kg, while the locally-bred hens were selling at Tk 310 a kg on Friday.
Beef was selling at Tk 500 to Tk 520 a kg while mutton at Tk 750 to Tk 800 a kg over the week.
Fish prices remained unchanged. Rohita was selling at Tk 200 to Tk 320 a kg, Katla at Tk 200 to Tk 300 a kg, Pangas at Tk 120 to Tk 180 a kg and Tilapia at Tk 120 to Tk 180 a kg.
In an attempt to keep the prices of essential commodities stable during Ramadan, the Trading Corporation of Bangladesh (TCB) started open market sale (OMS) of the essential commodities across Bangladesh ahead of the holy month of Ramadan.  The TCB started selling sugar, lentils, edible oil, gram and dates at lower price than the market rate in the capital and other divisional cities. The sale of the essential commodities will continue till June 18. But the TCB for its success will have to put emphasis on the market control alongside increasing the supply of the products.

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