Bangladesh: Egg sales halted in Tejgaon market amid concerns over government monitoring

Published 2024년 10월 14일

Tridge summary

Dhaka's Tejgaon wholesale market has halted egg sales due to fears of government price enforcement actions, causing concerns about an egg shortage and price hikes in retail markets. The government has set a maximum price for dozens of brown broiler eggs, but traders say they cannot buy eggs at the required price and risk fines. This situation comes amidst a daily shortfall of 50 lakh eggs due to flooding, reducing the supply from 4.5 crore eggs per day to 4 crore. The government has permitted the import of 4.5 crore eggs to stabilize the market, but egg prices have still increased by Tk10-15 per dozen in the last two days.

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Original content

Traders in Tejgaon wholesale market, one of the largest wholesale egg markets in the capital, have halted sales owing to concerns over the government's price enforcement actions. This has sparked fears of a potential egg shortage in Dhaka's kitchen markets, prompting retailers to raise egg prices by Tk10-Tk15 per dozen. Wholesalers said they stopped egg sales on Sunday, and no trucks arrived that night to replenish stocks at Tejgaon market, which receives 14-15 lakh eggs daily, supplying various regions of Dhaka As a result, the price of a dozen broiler chicken eggs in Dhaka's retail markets today reached Tk180, up from Tk165-Tk170 just two to three days earlier. On 15 September, the government mandated that the price of a dozen brown broiler eggs cannot exceed Tk143. It also set the retail price at Tk11.87, with production costs pegged at Tk10.58 and wholesale prices at Tk11.1. Following this order, the Directorate of National Consumer Rights Protection has begun fining sellers ...

Source: TBS