Prices of essentials unchanged in city markets
Saturday, 16 June 2007
FE Report
Prices of essential commodities, with exception of some fine varieties of rice and powder milk, during the last week, remained unchanged in the city markets.
During the last one week only the sugar price declined by Tk 2-Tk3 to Tk 29-30 per kg at the retail level following intense monitoring by the BDR.
Traders of essential commodities said there may have been hardly any impact on prices of the essentials even after the budget proposals which aimed to rein in the skyrocketing prices unless there was a balance between supply and demand.
The budget for next fiscal (2007-08) proposed complete withdrawal of customs duty on crude edible oil and lentils to keep the market price tolerable.
It also proposed continuation of duty-free benefit on essential commodities including rice, wheat, onion, 'matar dal' and 'chhola dal'.
When asked about the reason for price hike of rice, traders at Kawran Bazar said the prices of imported varieties of fine rice are increasing as the supply is lower than the demand.
At the retail level, Friday, prices of fine varieties of rice, selling between Tk 22 and Tk 29, increased by Tk1-Tk2 per kg from the prices of the previous week.
Traders in the city's Kawran Bazar said the prices of rice are likely to maintain an increasing trend as the supply is lower than the demand at the wholesale level. The low production of rice is also a reason for price hike, they said.
During the last week, at the wholesale level prices of Indian variety of Swarna and Paari were selling at Tk790-810 per maund compared to Tk 750-Tk 780 per maund of the previous week.
Nazirshail from Savar and Nazirshail from North Bengal per maund were also selling at Tk 970-980 and Tk 1100-Tk 1120 respectively which were Tk 850-Tk 900 and Tk 920-Tk 930 in the previous week respectively.
Apart from this, the prices of brand powder milk, during the last week, increased by Tk 25-Tk30 and they were selling at Tk 400-Tk 405 per kg.
During the last week at the wholesale level prices of soybean oil remained unchanged at Tk 2550-Tk 2580 per maund, super palm oil at Tk 2520-Tk 2550 per maund and the palm oil at Tk 2500 per maund.
At the retail level, five-litre cans of edible oil of different brands were selling at Tk 365-Tk 370. During the last week onion was selling at Tk 16-Tk 17 per kg, unchanged from the previous week.
During the last week in the vegetable markets brinjal and bitter gourd prices remained unchanged at Tk 20-Tk 24 per kg. Prices of okra, snake gourd and ridge also remained unchanged at Tk 15-Tk20 per kg during the last week.
Prices of the fine variety of lentil remained unchanged at Tk 70-Tk 72 per kg and its Turkish variety at Tk 60-Tk 63 per kg. Prices of 'moong' pulse were Tk 60-Tk 62 per kg during the last week.
During the last week ginger was selling at Tk 35-Tk 40 per kg, unchanged from the previous week. During the last week beef was selling at Tk 180 per kg, unchanged from the previous week.
In the last week, prices of poultry birds remained unchanged at Tk 90-Tk 100 per kg and eggs at Tk 54 per dozen. Mutton was selling at Tk 220-Tk 230 per kg, unchanged from the previous week.
During the last week at the retail level packaged coarse flour was selling at Tk 27-Tk 28 per kg.
Prices of essential commodities, with exception of some fine varieties of rice and powder milk, during the last week, remained unchanged in the city markets.
During the last one week only the sugar price declined by Tk 2-Tk3 to Tk 29-30 per kg at the retail level following intense monitoring by the BDR.
Traders of essential commodities said there may have been hardly any impact on prices of the essentials even after the budget proposals which aimed to rein in the skyrocketing prices unless there was a balance between supply and demand.
The budget for next fiscal (2007-08) proposed complete withdrawal of customs duty on crude edible oil and lentils to keep the market price tolerable.
It also proposed continuation of duty-free benefit on essential commodities including rice, wheat, onion, 'matar dal' and 'chhola dal'.
When asked about the reason for price hike of rice, traders at Kawran Bazar said the prices of imported varieties of fine rice are increasing as the supply is lower than the demand.
At the retail level, Friday, prices of fine varieties of rice, selling between Tk 22 and Tk 29, increased by Tk1-Tk2 per kg from the prices of the previous week.
Traders in the city's Kawran Bazar said the prices of rice are likely to maintain an increasing trend as the supply is lower than the demand at the wholesale level. The low production of rice is also a reason for price hike, they said.
During the last week, at the wholesale level prices of Indian variety of Swarna and Paari were selling at Tk790-810 per maund compared to Tk 750-Tk 780 per maund of the previous week.
Nazirshail from Savar and Nazirshail from North Bengal per maund were also selling at Tk 970-980 and Tk 1100-Tk 1120 respectively which were Tk 850-Tk 900 and Tk 920-Tk 930 in the previous week respectively.
Apart from this, the prices of brand powder milk, during the last week, increased by Tk 25-Tk30 and they were selling at Tk 400-Tk 405 per kg.
During the last week at the wholesale level prices of soybean oil remained unchanged at Tk 2550-Tk 2580 per maund, super palm oil at Tk 2520-Tk 2550 per maund and the palm oil at Tk 2500 per maund.
At the retail level, five-litre cans of edible oil of different brands were selling at Tk 365-Tk 370. During the last week onion was selling at Tk 16-Tk 17 per kg, unchanged from the previous week.
During the last week in the vegetable markets brinjal and bitter gourd prices remained unchanged at Tk 20-Tk 24 per kg. Prices of okra, snake gourd and ridge also remained unchanged at Tk 15-Tk20 per kg during the last week.
Prices of the fine variety of lentil remained unchanged at Tk 70-Tk 72 per kg and its Turkish variety at Tk 60-Tk 63 per kg. Prices of 'moong' pulse were Tk 60-Tk 62 per kg during the last week.
During the last week ginger was selling at Tk 35-Tk 40 per kg, unchanged from the previous week. During the last week beef was selling at Tk 180 per kg, unchanged from the previous week.
In the last week, prices of poultry birds remained unchanged at Tk 90-Tk 100 per kg and eggs at Tk 54 per dozen. Mutton was selling at Tk 220-Tk 230 per kg, unchanged from the previous week.
During the last week at the retail level packaged coarse flour was selling at Tk 27-Tk 28 per kg.