Fish prices up as demand soars on limited supply in Bangladesh

Tilapia Congica

Seafood

Bangladesh

Published Aug 19, 2023

Tridge summary

Fish prices have increased due to a higher demand caused by rising prices of chicken, eggs, and beef. This price surge applies to various types of fish and is due to a diminished supply. The ongoing monsoon season and reduced fish catch have also contributed to the challenge.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Fish prices have gone up due to their rising demand, driven by increased prices of chicken, eggs, and beef. The prices of Pangas and tilapia fish, once considered economic options, have now crossed the Tk200 per kg threshold. However, the supply of fish has not risen commensurately to meet this heightened demand, traders in the capital's kitchen markets say. During a recent visit to Karwan Bazar in the capital, The Business Standard observed medium-sized tilapia selling at Tk220-230 per kg. Similarly, one kg-sized Pangas were priced at Tk210-220 per kg, with larger sizes fetching Tk250 per kg. The Trading Corporation of Bangladesh (TCB) reported that a year ago, rui fish was priced between Tk250 to Tk350 per kg. In a span of just one year, this price has surged by 66.67%, reaching Tk450 to Tk550 per kg. Within a month, the price of rui fish has escalated by 25%. Fish traders reported a surge in fish prices, up by Tk20-50 per kg in the past month. This rise applies not only to ...

Source: TBS