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How much higher will commodity prices go?

Published : 30 Sep 2022 09:08 PM

Prices of rice, eggs, fish, broiler chicken and other products are increasing unabated.

The price of beef, milk powder, ginger-flour, vegetable and almost everything else is also rising.

The price of beef has increased by Tk 20 per kg this week, ginger and garlic imported from China have to be bought at a Tk 20 to Tk 30 higher price per kg.

In the space of a few days, there has been an unusual increase in the prices of several daily commodities. There is no sign of their prices coming down.

The capital’s different kitchen markets on Friday revealed such a scenario of price variation of essentials.      

Coarse rice (Swarna) is being sold in the market at Tk 52 to Tk 54 per kg. The price of medium quality rice (BR 28) is Tk 58 to Tk 60 per kg. Fine quality rice is being sold at Tk 70 to Tk 85. Good quality Miniket is Tk 75 and Nazirshail is Tk 85 per kg. Imported ginger is being sold at Tk 120 to Tk 140 and garlic at Tk 120 to Tk 150 per kg. 

Loose flour is being sold at Tk 53 to Tk 55 per kg. Two kg of packaged flour is being sold at Tk 115 to Tk 125. Open flour is being kept at around Tk 60 per kg. Coarse pulses are still being sold in the market at Tk 105 to Tk 110 per kg. The price of fine quality lentil is Tk 130 to Tk 135 per kg.

The government had decided to lower the prices of palm oil and sugar following the price fall in the global market, but still those commodities are being sold at higher prices in the market. The government has fixed the price of loose sugar at Tk 84 per kg, but it is being 

sold at Tk 90 in retail. Retailers are selling packaged sugar at Tk 95 per kg. Traders said that the packaged sugar at the new price has not yet arrived in the market.