• Tuesday, May 17, 2022
  • Last Update : 04:24 pm

Commodity prices start to fall, buyers still unhappy

  • Published at 06:59 pm April 23rd, 2021
Essential commodities
File photo of a kitchen market in Dhaka Syed Zakir Hossain/Dhaka Tribune

According to TCB, prices dropped by 1.5% in the past week

The prices of the essential commodities that went up ahead of the holy month of Ramadan has started to fall.

Traders claim that the prices of all commodities, including rice, pulses, oil and vegetables, rose due to a buying spree before the strict lockdown and the Ramadan began on April 14.

Now the prices have started decreasing due to low demand. Buyers, however, say that the market situation is still not comfortable for the low-income people, reports Bangla Tribune.

Piyash Islam, a resident of Malibagh in Dhaka, said: "Prices of most essential products doubled and have still been high for more than two months. Even though the prices of some products have come down, the situation is still uncomfortable for the people with limited incomes.”

According to the regulatory body Trading Corporation of Bangladesh (TCB), prices dropped by 1.5% in the past week. The price of medium quality rice has come down by 1.79% and coarse rice 3.06% in a week.

The price of non-brand soybean oil fell by 0.82%, five liter bottles by 1.54% and one liter bottles by 1.82%. Sugar was sold at Tk60 per kg.

TCB says that the prices of chickpea fell by 2%, onion by 9.64%, garlic by 4.35%, ginger by 4.17%, cumin by 2.78%, cinnamon by 3.57% and eggs by 6.45% during the same period.

Broiler chicken price has come down to Tk130 per kg from Tk170 before Ramadan.

Prices of vegetables have also come down in the kitchen markets in Dhaka.

As of Friday, beef was sold at Tk580 and mutton at Tk850 per kg while egg price was Tk7-8 per piece.

Yusuf Ali, a grocer in Manik Nagar area, said that he was selling onion between Tk30 and Tk35 per kg. Homegrown ginger and garlic were sold at Tk80 per kg while the Chinese garlic at Tk110 per kg. Coarse-grained garlic was sold at Tk70.

Meanwhile, small lentils were sold at Tk100, mug-lentils at Tk120, pea-lentils at Tk100, chickpeas at Tk70 and Khesari at Tk80, anchor dal besan at Tk60 and boot dal besan at Tk100.

On Friday, bottled soybean oil was sold at Tk135 to Tk140 per liter and Tk640 to Tk660 per five liter bottle. On the other hand, non-brand soybean oil was sold at Tk132 to 135 per kg while palm oil at Tk110 to Tk115 per kg.

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