Drop in mercury fails to cool off rising vegetable prices in Bangladesh

Published 2020년 11월 10일

Tridge summary

Dhaka's kitchen markets are experiencing a surge in prices for essential commodities and vegetables, despite the colder winter months. This increase is attributed to the Covid pandemic's impact on supply, with traders allegedly fixing prices. The Trading Corporation of Bangladesh has reported significant price hikes in rice, oil, lentils, and potatoes compared to last year. The high inflation rate, especially in rural areas, has led to concerns and complaints from residents. The Dhaka Chamber of Commerce and Industry suggests activating the country's 223,000 hectares of unused land for cultivation and recommends investments in agro-processing businesses to address the issue of high prices and promote product diversification.

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Original content

When it comes to vegetables, the norm is that you need to pay less in winter than in summer. But this season, the drop in mercury has failed to cool off the prices of essentials in the capital’s kitchen markets. The escalated prices have hit home budgets in Dhaka, prompting residents to hold the government responsible for the "mismanagement" in the kitchen markets. They allege that traders at the big veggie markets in the city are fixing prices. Trades, however, attribute the surge in prices of essential commodities to short supply amid the Covid pandemic. A reality check by UNB at Kaptan Bazar, Anondobazar, Jatrabari, Mogbazar and Sarulia Bazar on Tuesday revealed that traders have been selling Aubergine for Tk 70-90 a kg, papaya for Tk 35-40, bitter gourd for Tk 80-90, bottle gourd for Tk 50-70, beans for Tk 100-120, radish for Tk 60-70 , cucumber for Tk 80 and tomato for Tk 120. Besides, the price of a kg of green chili has soared to Tk 200-240. Similarly, carrots cost Tk ...

Source: The Financial Express