Edible oil prices move up, rice steady
FE Report | Saturday, 26 February 2011
FE Report
Prices of edible oil continued to climb in the local market while those of rice, vegetables and spices remained steady in the city's kitchen markets, traders said Friday. Despite the government's promise of multiple steps to arrest rising prices of edible oil, its upward trend is frustrating consumers, who are paying a record high price of the essential item. Edible oil both loose and bottled oil witnessed a fresh hike during the last week while rice prices maintained their previous levels in the city market, traders said Friday. According to them, the edible oil market remained volatile last week in the wake of its fluctuating rates both in local and international markets. Retailers said they were to buy both loose and bottled oil at high rate due to shortage of supply of the bottled oil in the market. A kg of loose soybean oil retailed at Tk 120 against Tk 115 to Tk 117 last week, and palm oil at Tk 110 against Tk 106 in the previous week. Retailers are selling the bottled oil more by Tk 1-3 per litre than the market retail price tagged on the item. One litre container sold at Tk 117-118 and two litre container at Tk 230 against Tk 228 last week. A can containing five litres of brand soybean oil such as Rupchanda, Teer and Pusti sold between Tk 565 and Tk 580. Prices of fine and coarse varieties of rice maintained their previous high in the city's kitchen markets. Minicate was selling at Tk 50-55 and Nazirshail at Tk 48-56, Paizam at Tk 40-42, Lata at Tk 40-43, BR 30-32 and IRRI at Tk 35-37 per kg last week. Sugar was selling at Tk 60-62 per kg at the retailers' level in the city. Both loose and packed Atta and Maida maintained the same trend last week in the city's kitchen markets. Unpacked flour (Atta) was selling at Tk 32-35 per kg and the packed variety at Tk 36 per kg. Unpacked refined flour (Maida) was selling at Tk 39 per kg and packed Maida at Tk 41 per kg last week. The price of per kilogramme local onion moved down to Tk 23-26, from Tk 28-30 earlier. Prices of garlic and ginger also witnessed the same trend. The imported garlic was selling at Tk 150-160 per kg and the local one at Tk 180per kg. Ginger ranged between Tk 80 and Tk 100 per kg. Prices for four pieces farm eggs were at Tk 25-26. Local lentil was selling between Tk 80 and Tk 110 per kg depending on quality. Dry chili was selling at Tk 170-200 per kg and Turmeric ranged between Tk 300 and 325 per kg. Except for brinjal and tomato, prices of most of the vegetables remained steady in the city's kitchen markets. Brinjal was selling at Tk 40-45 per kg up from Tk 30-35 per kg and tomato at Tk 60 per kg up by Tk 10-15 per kg. Bean was at Tk 35-40 per kg, potato at Tk 8 per kg, green chili at Tk 40 per kg, cucumber at Tk 30-35 per kg, green papya at Tk 16-20 per kg and a medium-sized cauliflower at Tk 25 and a cabbage at Tk 20. Prices of fish witnessed a fresh hike by Tk 20- 30 per kg in the city's kitchen markets. Traders said a shortage of supply pushed the price high. A pair of medium sized hilsha was selling at Tk 700-800 against Tk 600-700. Shrimp was selling at Tk 300-550 per kg, 'ruhi' at Tk 240-300 per kg, cultured 'koi' at Tk 200 per kg and 'pangas' at Tk 100 per kg.
Prices of edible oil continued to climb in the local market while those of rice, vegetables and spices remained steady in the city's kitchen markets, traders said Friday. Despite the government's promise of multiple steps to arrest rising prices of edible oil, its upward trend is frustrating consumers, who are paying a record high price of the essential item. Edible oil both loose and bottled oil witnessed a fresh hike during the last week while rice prices maintained their previous levels in the city market, traders said Friday. According to them, the edible oil market remained volatile last week in the wake of its fluctuating rates both in local and international markets. Retailers said they were to buy both loose and bottled oil at high rate due to shortage of supply of the bottled oil in the market. A kg of loose soybean oil retailed at Tk 120 against Tk 115 to Tk 117 last week, and palm oil at Tk 110 against Tk 106 in the previous week. Retailers are selling the bottled oil more by Tk 1-3 per litre than the market retail price tagged on the item. One litre container sold at Tk 117-118 and two litre container at Tk 230 against Tk 228 last week. A can containing five litres of brand soybean oil such as Rupchanda, Teer and Pusti sold between Tk 565 and Tk 580. Prices of fine and coarse varieties of rice maintained their previous high in the city's kitchen markets. Minicate was selling at Tk 50-55 and Nazirshail at Tk 48-56, Paizam at Tk 40-42, Lata at Tk 40-43, BR 30-32 and IRRI at Tk 35-37 per kg last week. Sugar was selling at Tk 60-62 per kg at the retailers' level in the city. Both loose and packed Atta and Maida maintained the same trend last week in the city's kitchen markets. Unpacked flour (Atta) was selling at Tk 32-35 per kg and the packed variety at Tk 36 per kg. Unpacked refined flour (Maida) was selling at Tk 39 per kg and packed Maida at Tk 41 per kg last week. The price of per kilogramme local onion moved down to Tk 23-26, from Tk 28-30 earlier. Prices of garlic and ginger also witnessed the same trend. The imported garlic was selling at Tk 150-160 per kg and the local one at Tk 180per kg. Ginger ranged between Tk 80 and Tk 100 per kg. Prices for four pieces farm eggs were at Tk 25-26. Local lentil was selling between Tk 80 and Tk 110 per kg depending on quality. Dry chili was selling at Tk 170-200 per kg and Turmeric ranged between Tk 300 and 325 per kg. Except for brinjal and tomato, prices of most of the vegetables remained steady in the city's kitchen markets. Brinjal was selling at Tk 40-45 per kg up from Tk 30-35 per kg and tomato at Tk 60 per kg up by Tk 10-15 per kg. Bean was at Tk 35-40 per kg, potato at Tk 8 per kg, green chili at Tk 40 per kg, cucumber at Tk 30-35 per kg, green papya at Tk 16-20 per kg and a medium-sized cauliflower at Tk 25 and a cabbage at Tk 20. Prices of fish witnessed a fresh hike by Tk 20- 30 per kg in the city's kitchen markets. Traders said a shortage of supply pushed the price high. A pair of medium sized hilsha was selling at Tk 700-800 against Tk 600-700. Shrimp was selling at Tk 300-550 per kg, 'ruhi' at Tk 240-300 per kg, cultured 'koi' at Tk 200 per kg and 'pangas' at Tk 100 per kg.