Commodities continue to be dearer in Bangladesh

Published 2021년 11월 12일

Tridge summary

The article highlights a ongoing surge in essential item prices in Bangladesh, primarily due to rising fuel prices. Among the affected goods are pulses, oil, flour, sugar, and eggs, with retail prices going up by Tk5-10 per kilogram in the last week. The price hike is attributed to manipulation by importers, despite stable demand and ample supply. The rising costs are causing financial strain for low-income households, prompting calls for government intervention to stabilize the market and improve the supply chain. The Consumer Association of Bangladesh has urged the government to consider tax adjustments or state-level imports to mitigate the impact of international price increases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The commodity price rally, largely driven by the fuel price hike, continued last week with a sharp rise in prices of different essential items, further squeezing the purchasing capacity of limited-income people. The wholesale prices of pulses in Khatunganj went up by Tk110-200 per maund (37.32 kilograms) over the last week, which translated into a Tk5 rise per kg at retail markets. Khatunganj traders said even though the demand for pulses is stable, the prices have been increasing due to price manipulation by importers. Besides, prices of other consumer products, such as oil, flour, sugar and pulses, shot up by Tk5-10 per kilogram in the last week, intensifying the suffering of the limited-income people. On Thursday in Khatunganj, Canadian and Australian lentils were sold at Tk3,100 per maund, which was Tk2,985 a week ago. Besides, prices of white peas increased by Tk150 and imported grams by Tk200 to Tk1,530 and Tk2,400 respectively. Wholesale pulse traders said the demand for ...

Source: TBS