Rice prices up in October despite bumper production
Thursday, 12 November 2009
FE Report
Prices of rice soared by around four per cent in October despite bumper food production and adequate stocks in the government and private warehouses, Consumers Association of Bangladesh (CAB) said Tuesday.
The private market watchdog said the price of the staple food has increased on an average by 3.81 per cent last month.
The prices of IRRI-B-R 11 and 8 varieties have increased by 9.0 per cent, 'miniket' by 5.88 per cent, 'najirshail' by 5.0 per cent and 'katarivogh' by 6.0 per cent.
The prices of other essential commodities also increased. The price of egg was up by 4.66 per cent, spices by 4.58 per cent, vegetables by 5.27 per cent and sugar and molasses by 6.38 per cent.
The price of the local variety of onion at the retail market was 25.33 per cent more than that of the wholesale market.
The retailers also charged 29.41 per cent more for local garlic, 18.05 per cent more for imported garlic, 33.33 per cent more for dry chili, 23.07 per cent more for turmeric, 38.46 per cent more for local variety of ginger and 33.33 per cent more for imported ginger than the prices of the wholesale market, CAB said.
In October, the price of potato reached up to Tk 36, a price never seen in the independent Bangladesh, the market watchdog said.
Prices of rice soared by around four per cent in October despite bumper food production and adequate stocks in the government and private warehouses, Consumers Association of Bangladesh (CAB) said Tuesday.
The private market watchdog said the price of the staple food has increased on an average by 3.81 per cent last month.
The prices of IRRI-B-R 11 and 8 varieties have increased by 9.0 per cent, 'miniket' by 5.88 per cent, 'najirshail' by 5.0 per cent and 'katarivogh' by 6.0 per cent.
The prices of other essential commodities also increased. The price of egg was up by 4.66 per cent, spices by 4.58 per cent, vegetables by 5.27 per cent and sugar and molasses by 6.38 per cent.
The price of the local variety of onion at the retail market was 25.33 per cent more than that of the wholesale market.
The retailers also charged 29.41 per cent more for local garlic, 18.05 per cent more for imported garlic, 33.33 per cent more for dry chili, 23.07 per cent more for turmeric, 38.46 per cent more for local variety of ginger and 33.33 per cent more for imported ginger than the prices of the wholesale market, CAB said.
In October, the price of potato reached up to Tk 36, a price never seen in the independent Bangladesh, the market watchdog said.