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Kitchen market update

Prices are high but showing downward trend

Published : Sunday, 19 May, 2019 at 10:23 AM  Count : 402
Business Correspondent

Prices are high but showing downward trend

Prices are high but showing downward trend

Prices in city kitchen market are high from the start of Ramadan. The market is now almost on the high side through half way to this month while prices of some items are showing declining trend.

A visit to the market on Saturday showed prices of some vegetable decreased slightly in the past few days in the capital. Eggs and poultry were sold at low prices in the kitchen market.

But prices of fish are still on the high. Beef and mutton are being sold at slightly higher prices than the city corporations fixed rates. Beef was sold at Tk 525 to Tk 550 while mutton sold at Tk 750 to Tk 800 a kg last week.

Broiler prices declined by Tk 20 to Tk 30 per kg within one month. It was selling at Tk 140 to Tk 145 a kg yesterday, while the locally-bred hens were selling at Tk 350 a kg. Fruits prices are high in the market on their high demand.

Pineapples sold at Tk 150 per four pieces while water lemon sells at 70 per kg almost twice compared to any time before Ramadan. Malta sold at Tk 160 per kg while apples sold at Tk t50 to Tk 200 per kg.     

Traders at city's Kawran Bazar said high vegetable prices will fall soon. Badrul Haque, a vegetable vendor told The Daily Observer that lot of summer vegetables are coming in the market now. So prices are slowly falling. "If there is no major setback like hail storm, prices of vegetables will further go down," he said.  

Julhas Alam, in city's New Market, said most vegetables now sell between Tk 30 to Tk 40 per kg. It is tolerable compared to overheated prices few weeks ago. He said traders always increase price using many pretext. If the government had regularly monitored market, dishonest traders could not take people hostage, he said.

At city's different kitchen market lady's finger sold between Tk 40 to Tk 50 per kg, okra at Tk 30 to Tk 40, gourd at Tk 40 per piece, cucumber at Tk 20 to Tk 30, brinjal at Tk 60 to Tk 80, ginger at Tk 100 and local garlic sold at Tk 70 per kg.

Vendors say prices of fish are high due to slow down in fish catching this month. Lower supply during Ramadan pushed prices up. Hilsa price was almost unchanged over the past weeks. Chital fish was selling at Tk 500 to Tk 550 per kg, Awn fish at Tk 650- 700, Rui-Katla at Tk 300-600 per kg, and tilapia at Tk 180 to Tk 200 per kg, Boal fish sold at Tk 500 to Tk 6000, Pangas at Tk 130 to Tk 200, Pabda fish at Tk 500 to Tk 600 per kg.

Prices of chickpeas rose to Tk 75 to Tk 80 a kg, up by Tk 5 from Tk 70 to Tk 75 last week.   Sugar was selling at Tk 52 to Tk 58 per kg showing a slight rise from Tk 47 to Tk 52 a kg last week.  

Consumers blamed absence of market monitoring which is allowing unscrupulous traders to realize prices as they want depending on market situation. Huge sugar is in the stock and yet its prices went up. This is because of weak government monitoring system.

Many blame a nexus between big importers and regulators. They create artificial slow down in supply in the market to raise prices. The government has vowed not to allow such situation to happen, but it went empty at market places.   

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