Eid cooking to get costlier as spice prices go through the roof in Bangladesh
Bangladesh
Published Jun 25, 2023
Tridge summary
People will need to spend more on cooking Eid al-Adha dishes as prices of spices have gone through the roof in the country, mainly due to escalating prices in international markets and dollar crisis. According to businesses in Dhaka, the cumin market is experiencing the most volatile situation. The price has more than doubled, with cumin currently selling for Tk450, compared to its regular price of Tk200-300 in the wholesale market.
Original content
People will need to spend more on cooking Eid-ul-Azha dishes as prices of spices have gone through the roof in the country, mainly due to escalating prices in international markets and dollar crisis. According to businesses in Dhaka, the cumin market is experiencing the most volatile situation. The price has more than doubled, with cumin currently selling for Tk450, compared to its regular price of Tk200-300 in the wholesale market. The price has been rising to Tk1,000 at the retail level. The production of cumin has dropped in India, resulting in an increase in its prices in the exporting country. Consequently, there has been a decline in imports from India. In order to fulfill its own demand, India has resorted to importing cumin from Turkey, Afghanistan and Syria. As a result, the price of the product has increased on the global market. Traders have said that the scarcity of dollars, along with its increased value, as well as export-related challenges in various countries, have ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.