Beef price mystery in Bangladesh: Why it is not the same everywhere?

Published 2024년 3월 17일

Tridge summary

In Dhaka, Bangladesh, beef prices are fluctuating significantly, with some vendors selling as low as Tk595 per kg and others charging up to Tk750 per kg. Some shops are even offering beef at two different rates simultaneously to attract low- and middle-income individuals, especially during Ramadan. Despite this, the majority of traders are selling beef at prices higher than the government-fixed rate. The Bangladesh Dairy Farmers Association (BDFA) has criticized these high prices, stating they are unjustified as cattle prices at the farm level remain normal. The BDFA is advocating for lower beef prices to attract more customers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dhaka's meat markets are seeing a range of prices. Some vendors are selling beef as low as Tk595, while others are charging up to Tk750 per kg. This raises questions about how some shops can offer significantly lower prices and still make a profit. Visiting Khorsed Goshto Bitan, a meat shop in the capital's Malibagh area today, The Business Standard found that the vendor is selling beef at two different rates simultaneously: Tk750 and Tk600. On one side of the shop, assorted beef pieces of varying sizes were hung, allowing customers to choose according to their preference, albeit at the higher price of Tk750. On the other side, chopped meat was available for Tk600, attracting a larger number of buyers, primarily consisting of individuals from low- and middle-income brackets. The shopkeepers told TBS that beef is being offered at Tk600, keeping in mind the affordability for low-income individuals during Ramadan. Because of the affordable price, sales were going through the roof. ...
Source: TBS

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.