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Kitchen Market Update

Rice, sugar prices rise, vegetable steady

Published : Sunday, 1 March, 2020 at 12:00 AM  Count : 94
Business Correspondent

The prices of sugar and rice increased in the week-end. There is no visible reason except the greed of vendors' for high profiteering facing the month of Ramadan, buyers say.
Vegetables market was however stable with supply of winter vegetables however dwindling while a slowdown in arrival of new summer vegetable impacting the market.   
The sources said supply of rice is plenty in the market but big stockists and hoarders are at work to create artificial crisis to push prices up. Rice prices rose by Tk 3 to 7 per kg this week.   
Prices of edible oil also increased by Tk 4 to Tk 5 per litre depending on whether it is bottled or sold in lose. Sugar sold at Tk 3 to Tk 4 higher per kg as vendors said importers and whole seller have raised it to force them to realize higher price at retailers' level.  
Refiners and sugar mill owners are building market syndication to control supply and prices.  Supply of important essentials is thus slowly heading towards artificial supply crisis, buyers complained.
Consumers Rights Groups like CAB has already demanded strong market vigilance. They said the government reported preparation to double the number of vigilance team this year is not enough, such action must be visible and credible.   
This correspondent visiting market on Saturday found, sugar was selling at Tk 70 to Tk 72 per kg as against Tk 65 to Tk 66 last week. As per Trading Corporation of Bangladesh (TCB) sugar prices have risen by 28.57 percent in the last one year.  
Sawrna rice a course variety sold at Tk38 to Tk 40 per kg Saturday while BR-28 sold at Tk42 to Tk 45 down from Tk 38 in past weeks.  Jirasail - a fine variety of rice sold at Tk 45 compared to Tk 40 and Kalijira, sold at Tk 105 per kg compared to Tk 90 to Tk 100 last week. Najirshail sold at Tk 58 to Tk 62 per kg.
Atik Ahmed, private sector employee said cost of each commodity is going up daily adding       difficulty to the livelihood of the common people. It is unbelievable the overnment has no control over the market, he said.
Chinese garlic was selling at Tk 200 to Tk 230 per kg compared to Tk 130 to Tk 140 several days ago. Locally produced garlic sold Tk 150 to Tk 180 per kg, up by Tk 40 to Tk 50 over a week. Ginger sold between Tk 150 to Tk and Tk 180 per kg up by Tk 20 to Tk 40 per kg.
Cauliflower and cabbage sold at Tk 35 to Tk 40 per piece, ripe tomato at Tk 45 to Tk 50 per kg and green tomato at Tk 30 to Tk 35. Ladies' finger at Tk 55 to Tk 60 while patal sold at Tk 50 to Tk 55 per kg.
A kg of bean sold at Tk 50, radish at Tk 30, turnip at Tk 50, aubergine at Tk 50 to Tk 60, potato at Tk 25, okra at Tk 40. A bundle of spinach sold at Tk 15 to Tk 20. Green papaya was the cheapest vegetable and sold at Tk 25 to Tk 30 per kg.

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