Wholesale prices of Ramadan essentials drop, with little effect on retail market in Bangladesh

Published 2023년 4월 11일

Tridge summary

Prices of essential items such as pulses, sugar, and flattened rice have decreased at the wholesale level in Bangladesh's largest consumer goods market, Khatunganj, by 5% to 15% since the start of Ramadan. However, these price reductions have not been passed on to retail customers. The situation arose as importers increased prices in anticipation of high demand before Ramadan, only to see a decline in sales thereafter. The country has imported over 1.5 lakh tonnes of chickpeas in the first two and a half months of 2023, more than twice the annual demand, leading to concerns about storage and significant losses for importers.

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

Original content

Prices of several essential items that remain in high demand during Ramadan have notably decreased in the wholesale market over the past couple of weeks, but these price reductions have had little effect on the retail market. According to traders, different types of pulses such as chickpeas, khesari, masur and moong, as well as sugar and flattened rice, have all experienced a decline in prices ranging from 5% to 15% in Khatunganj, the country's largest wholesale market for consumer goods. Despite this, these items are still being sold at their previous prices at retail shops in the port city and other parts of the country. At the Khatunganj wholesale market, Tanzanian chickpeas are currently being sold for Tk70-72 per kilogram, down from Tk95 at the beginning of Ramadan. Additionally, the wholesale prices of khesari, masur (desi), and moong dal per kilogram have decreased to Tk65, Tk125, and Tk80, in that order, from Tk80, Tk136, and Tk110 over the last two weeks. The price of ...

Source: TBS