Bangladesh's pulses price skyrockets, traders point to dollar crisis impact

Published 2024년 1월 20일

Tridge summary

Pulse prices have surged in the wholesale market of Chattogram due to the ongoing dollar crisis and rising import bills, with mung dal experiencing the most significant increase. The prices of coarse lentils, fine lentils, chickpeas, and peas have also risen. The dollar crisis has made it challenging for importers to open letters of credit for importing consumer goods, causing abnormal price increases despite normal demand and leading to a decrease in imports.

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

Original content

Amid the current volatile consumer products market, the prices of pulses have surged by Tk20-Tk50 per kg in the wholesale market of Chattogram within one month, with the most significant increase observed in the past week, according to traders. Importers and traders attribute this rising import bills due to the ongoing dollar crisis, impacting the overall price of pulses, a significant portion of which is imported to meet domestic demand. Of all pulses, mung dal has experienced the most significant price increase, currently selling at Tk160 per kg in the wholesale market of Chattogram's Khatunganj. This marks a notable increase from Tk110 per kg just a month ago. The price of peas has risen by Tk20 per kg, now priced at Tk70 per kg compared to Tk50 per kg a month earlier. Presently, coarse lentils (Australian) are priced at Tk102 per kg, while local and Indian fine lentils range between Tk134 and Tk138 per kg. However, in mid-December last year, coarse lentils were available at ...

Source: TBS