Edible oil, onion prices make further leap
Saturday, 9 October 2010
FE Report
The prices of edible oil and onion crept up further last week as other essential commodities including rice remained stable in city's kitchen market.
Prices of edible oil have shot up by Tk 10-12, after Eid-ul-Fitr, in the retail market. The lack of monitoring after Ramadan is blamed for the hike.
But traders say the hike is compatible with the price increase of the products in the international market.
Traders said soybean oil, which is now being sold at the retail level, were originally imported as crude soybean in July when international prices of the item remained volatile. The current spike in prices reflects the earlier rise in international markets.
"The price for a five-litre pet bottle of soybean oil was Tk 434 before Eid-ul-Fitr, and it is now selling at Tk 484," a trader said.
The prices of brand edible oil in five-litre containers such as Rupchanda are Tk 485, Teer and Fresh at Tk 470 and ACI at Tk 460. Similarly, the price of packed soyabean oil soared to Tk 96-98 per litre, up by Tk 2 last week.
Similarly, unpacked soybean and palm oil ranged between Tk 86- 90 per litre showing an upward trend by Tk 3-4 per litre last week.
City's kitchen markets have witnessed another sharp increase in onion price against last week showing a continuous upward trend since Eid.
Prices of both local and imported onion witnessed an upward trend. Imported Indian variety was selling at Tk 36 per kg, up from Tk 34-35 per kg while the local one was selling at Tk 33-35 per kg against Tk 32.
Sugar maintained the same trend and was selling at Tk 52-55 per kg at the retailers' level in the city.
Local lentil was selling between Tk 80 to Tk 102 per kg depending on variety and quality.
Prices of both local and imported garlic were up and ranged from Tk 180-220 per kg, depending on varieties. The price of ginger ranged between Tk 100 and Tk 140 per kg.
Prices of all varieties of rice witnessed the same trend in the capital last week, traders said.
Retailers were selling Minicate at Tk 40 - 42 per kg, Nazirshail at Tk 44-46 per kg, BR 28 at Tk 36, IRRI at Tk 33 and Pajam at Tk 35.
Traders are selling two-kg packed flour (Atta) at Tk 65-66 and two-kg packed Maida at Tk 75 while the unpacked Maida was selling at Tk 34 per kg.
Meat sellers expressed the hope that the withdrawn red alert for Anthrax would boost sales and they have now started selling beef at Tk 250 per kg, buffalo meat at Tk 240-250 per kg and mutton at Tk 350 per kg.
Prices of poultry birds showed a downward trend and were selling at Tk 135-145 per kg.
Prices of fish maintained the stable trend except hilsha as it is available in the market at a lower rate, the market sources said.
A pair of medium-sized hilsa fish was selling at Tk 300-400. Shrimp was selling at Tk 550- 700 per kg while the small-sized ones were selling at Tk 250 per kg.
Local 'Ruhi' was selling at Tk 250-300 per kg while the Burmese one was selling at Tk 200 per kg, 'katla' at Tk 220-250 per kg, 'rupchanda' at Tk 250-300 per kg and 'chital' at Tk 320-450 per kg in the city's kitchen markets.
Of smaller fishes, 'telapia' was selling at Tk 130-150 and 'tengra' at Tk 250 a kg.
Prices of vegetables witnessed the same trend as in the week before but the winter season vegetables are available in the markets with higher rate.
Bean was selling at Tk 60- 75 per kg, tomato at Tk 70- 80 per kg and a small sized cauliflower at Tk 25 and a small- sized cabbage at Tk 25.
Cucumber was selling at Tk 30 per kg, brinjal at Tk 35 per kg, potato at Tk 15 per kg, long bean (borboty) at Tk 40 per kg, bitter gourd (karola) at Tk 40 per kg, potol at Tk 24 per kg, papaya at Tk 10-15 per kg, and green chili at Tk 30 per kg.
The prices of edible oil and onion crept up further last week as other essential commodities including rice remained stable in city's kitchen market.
Prices of edible oil have shot up by Tk 10-12, after Eid-ul-Fitr, in the retail market. The lack of monitoring after Ramadan is blamed for the hike.
But traders say the hike is compatible with the price increase of the products in the international market.
Traders said soybean oil, which is now being sold at the retail level, were originally imported as crude soybean in July when international prices of the item remained volatile. The current spike in prices reflects the earlier rise in international markets.
"The price for a five-litre pet bottle of soybean oil was Tk 434 before Eid-ul-Fitr, and it is now selling at Tk 484," a trader said.
The prices of brand edible oil in five-litre containers such as Rupchanda are Tk 485, Teer and Fresh at Tk 470 and ACI at Tk 460. Similarly, the price of packed soyabean oil soared to Tk 96-98 per litre, up by Tk 2 last week.
Similarly, unpacked soybean and palm oil ranged between Tk 86- 90 per litre showing an upward trend by Tk 3-4 per litre last week.
City's kitchen markets have witnessed another sharp increase in onion price against last week showing a continuous upward trend since Eid.
Prices of both local and imported onion witnessed an upward trend. Imported Indian variety was selling at Tk 36 per kg, up from Tk 34-35 per kg while the local one was selling at Tk 33-35 per kg against Tk 32.
Sugar maintained the same trend and was selling at Tk 52-55 per kg at the retailers' level in the city.
Local lentil was selling between Tk 80 to Tk 102 per kg depending on variety and quality.
Prices of both local and imported garlic were up and ranged from Tk 180-220 per kg, depending on varieties. The price of ginger ranged between Tk 100 and Tk 140 per kg.
Prices of all varieties of rice witnessed the same trend in the capital last week, traders said.
Retailers were selling Minicate at Tk 40 - 42 per kg, Nazirshail at Tk 44-46 per kg, BR 28 at Tk 36, IRRI at Tk 33 and Pajam at Tk 35.
Traders are selling two-kg packed flour (Atta) at Tk 65-66 and two-kg packed Maida at Tk 75 while the unpacked Maida was selling at Tk 34 per kg.
Meat sellers expressed the hope that the withdrawn red alert for Anthrax would boost sales and they have now started selling beef at Tk 250 per kg, buffalo meat at Tk 240-250 per kg and mutton at Tk 350 per kg.
Prices of poultry birds showed a downward trend and were selling at Tk 135-145 per kg.
Prices of fish maintained the stable trend except hilsha as it is available in the market at a lower rate, the market sources said.
A pair of medium-sized hilsa fish was selling at Tk 300-400. Shrimp was selling at Tk 550- 700 per kg while the small-sized ones were selling at Tk 250 per kg.
Local 'Ruhi' was selling at Tk 250-300 per kg while the Burmese one was selling at Tk 200 per kg, 'katla' at Tk 220-250 per kg, 'rupchanda' at Tk 250-300 per kg and 'chital' at Tk 320-450 per kg in the city's kitchen markets.
Of smaller fishes, 'telapia' was selling at Tk 130-150 and 'tengra' at Tk 250 a kg.
Prices of vegetables witnessed the same trend as in the week before but the winter season vegetables are available in the markets with higher rate.
Bean was selling at Tk 60- 75 per kg, tomato at Tk 70- 80 per kg and a small sized cauliflower at Tk 25 and a small- sized cabbage at Tk 25.
Cucumber was selling at Tk 30 per kg, brinjal at Tk 35 per kg, potato at Tk 15 per kg, long bean (borboty) at Tk 40 per kg, bitter gourd (karola) at Tk 40 per kg, potol at Tk 24 per kg, papaya at Tk 10-15 per kg, and green chili at Tk 30 per kg.