Reduction in supply during Eid vacation pushes up prices of some essentials
Saturday, 20 October 2007
FE Report
Reduction in supply during the Eid vacation pushed up the prices of some essential commodities in the city markets although the presence of customers was comparatively thin after the holidays.
Market operators said the supply of essential commodities was disrupted due to Eid vacation. The prices of some goods went up with the increasing influx of customers after the Eid vacation from their village homes, traders said.
Traders said during the last week prices of edible oil registered an increase mainly due to price hike of the item in the international market, traders said.
Over the past week, at the wholesale level soybean oil was selling at Tk 2940-Tk2950 per maund compared with its previous rates at Tk 2810-Tk 2815 per maund, super palm oil at Tk 2820-Tk2830 per maund compared with its previous rates at Tk 2725-Tk 2730 per maund and the palm oil at Tk 2760-Tk2780 per maund compared with its previous rates at Tk 2670-Tk 2680 per maund.
In the international level the prices of crude soybean crossed US$1000 per tonne and was posted at $1005 per tonne and the crude palm was selling at 2840 Malaysian ringgit, the local importers said.
But, at the retail level, prices of canned edible oil of different brands of five litres remained unchanged at Tk 395-Tk 400. At the retail level, price of a one-litre can of edible oil remained unchanged at Tk 84-Tk 86 per kg.
Traders said the prices of edible oil at the retail level have been maintaining the previous high. As a result, the impact of higher prices of wholesale level of the item is yet to be noticed at the retail level just after the Eid vacation, retailers said.
During the last week at the wholesale level prices of sugar also increased to some extent. At the wholesale level, sugar was selling at Tk 1020-Tk1025 per maund compared with its previous rates at Tk 950 per maund.
At the retail level sugar was selling at Tk 30-Tk32 per kg compared with its previous rates at Tk 28-Tk 30 per kg. Traders said sugar price has gone up mainly due to a rumour that the tax for import of sugar may go up soon, traders said.
On the other hand, prices of vegetable items have maintained their previous high even after the Eid festival due to shortage in supply of the items.
During the last week brinjal was selling at Tk 36-Tk40 per kg. During the last week prices of green chilli remained unchanged at Tk 80-Tk 100 per kg.
Potato was selling at Tk 21-Tk22 per kg compared with its previous rates at Tk 20-Tk 21 per kg over the past week and the prices of bitter gourd maintained its previous high at Tk 34-Tk 36 per kg.
Traders said the newly arrived winter season vegetable items like red amaranth and gourds were selling at higher prices in the city markets over the last week.
During the last week, prices of local variety of onion remained unchanged at Tk 42-Tk44 per kg and its imported variety at Tk36-Tk38 per kg.
During the last week, at the wholesale level, prices of Indian variety of Swarna and local Paari remained unchanged at Tk 900-Tk 910 per maund, Lata variety at Tk 950-Tk 960 per maund and IRRI variety at Tk 850 per maund.
In the past week, prices of Nazirshail from Savar remained unchanged at Tk 1000 per maund, Nazirshail from North Bengal at Tk 1200 per maund and Minicate variety at Tk 1080-Tk 1100 per maund, traders said.
At the retail level, prices of fine varieties of rice remained unchanged at Tk 29-Tk 32 per kg and the coarse varieties of rice at Tk 24-Tk 25 per kg, traders said.
Prices of fine variety of lentil remained unchanged at Tk 76-Tk 80 per kg and its Turkish variety at Tk 64-Tk 66 per kg. Prices of 'moong' pulse remained unchanged at Tk 76-Tk 78 per kg, traders said.
Eggs were selling at Tk 60 per dozen, unchanged from the previous week at the retail level. During the last week price of ginger remained unchanged at Tk 46-Tk 50 per kg.
During the last week at the retail level prices of one kilogram (kg) of packaged coarse flour remained unchanged at Tk 35 per kg.
In the last week, prices of poultry birds remained unchanged at Tk 90-Tk 100 per kg and beef at Tk 180 per kg. In the last week, prices of a medium-size hilsa fish remained unchanged at Tk 250-Tk300.
Mutton was selling at Tk 220-Tk 230 per kg, unchanged from the previous week. Traders said prices of refined salt remained unchanged at Tk 16 per kg.
Reduction in supply during the Eid vacation pushed up the prices of some essential commodities in the city markets although the presence of customers was comparatively thin after the holidays.
Market operators said the supply of essential commodities was disrupted due to Eid vacation. The prices of some goods went up with the increasing influx of customers after the Eid vacation from their village homes, traders said.
Traders said during the last week prices of edible oil registered an increase mainly due to price hike of the item in the international market, traders said.
Over the past week, at the wholesale level soybean oil was selling at Tk 2940-Tk2950 per maund compared with its previous rates at Tk 2810-Tk 2815 per maund, super palm oil at Tk 2820-Tk2830 per maund compared with its previous rates at Tk 2725-Tk 2730 per maund and the palm oil at Tk 2760-Tk2780 per maund compared with its previous rates at Tk 2670-Tk 2680 per maund.
In the international level the prices of crude soybean crossed US$1000 per tonne and was posted at $1005 per tonne and the crude palm was selling at 2840 Malaysian ringgit, the local importers said.
But, at the retail level, prices of canned edible oil of different brands of five litres remained unchanged at Tk 395-Tk 400. At the retail level, price of a one-litre can of edible oil remained unchanged at Tk 84-Tk 86 per kg.
Traders said the prices of edible oil at the retail level have been maintaining the previous high. As a result, the impact of higher prices of wholesale level of the item is yet to be noticed at the retail level just after the Eid vacation, retailers said.
During the last week at the wholesale level prices of sugar also increased to some extent. At the wholesale level, sugar was selling at Tk 1020-Tk1025 per maund compared with its previous rates at Tk 950 per maund.
At the retail level sugar was selling at Tk 30-Tk32 per kg compared with its previous rates at Tk 28-Tk 30 per kg. Traders said sugar price has gone up mainly due to a rumour that the tax for import of sugar may go up soon, traders said.
On the other hand, prices of vegetable items have maintained their previous high even after the Eid festival due to shortage in supply of the items.
During the last week brinjal was selling at Tk 36-Tk40 per kg. During the last week prices of green chilli remained unchanged at Tk 80-Tk 100 per kg.
Potato was selling at Tk 21-Tk22 per kg compared with its previous rates at Tk 20-Tk 21 per kg over the past week and the prices of bitter gourd maintained its previous high at Tk 34-Tk 36 per kg.
Traders said the newly arrived winter season vegetable items like red amaranth and gourds were selling at higher prices in the city markets over the last week.
During the last week, prices of local variety of onion remained unchanged at Tk 42-Tk44 per kg and its imported variety at Tk36-Tk38 per kg.
During the last week, at the wholesale level, prices of Indian variety of Swarna and local Paari remained unchanged at Tk 900-Tk 910 per maund, Lata variety at Tk 950-Tk 960 per maund and IRRI variety at Tk 850 per maund.
In the past week, prices of Nazirshail from Savar remained unchanged at Tk 1000 per maund, Nazirshail from North Bengal at Tk 1200 per maund and Minicate variety at Tk 1080-Tk 1100 per maund, traders said.
At the retail level, prices of fine varieties of rice remained unchanged at Tk 29-Tk 32 per kg and the coarse varieties of rice at Tk 24-Tk 25 per kg, traders said.
Prices of fine variety of lentil remained unchanged at Tk 76-Tk 80 per kg and its Turkish variety at Tk 64-Tk 66 per kg. Prices of 'moong' pulse remained unchanged at Tk 76-Tk 78 per kg, traders said.
Eggs were selling at Tk 60 per dozen, unchanged from the previous week at the retail level. During the last week price of ginger remained unchanged at Tk 46-Tk 50 per kg.
During the last week at the retail level prices of one kilogram (kg) of packaged coarse flour remained unchanged at Tk 35 per kg.
In the last week, prices of poultry birds remained unchanged at Tk 90-Tk 100 per kg and beef at Tk 180 per kg. In the last week, prices of a medium-size hilsa fish remained unchanged at Tk 250-Tk300.
Mutton was selling at Tk 220-Tk 230 per kg, unchanged from the previous week. Traders said prices of refined salt remained unchanged at Tk 16 per kg.