Garlic price in Bangladesh is up by Tk60 a kg in two weeks

The price of garlic shot up to Tk60 per kg in the span of just two weeks thanks to falling value of taka against the dollar and a "shortage" in supply. On Friday a kg of imported garlic was sold at Tk160 at Khatunganj - the largest wholesale hub for daily commodities - which was just Tk95-100 in the first week of May. Local garlic price also hiked to Tk60-72 per kg from the earlier Tk50-60. "At least 10 trucks of garlic used to come to Khatunganj every day, which decreased to just one truck over the last two weeks," said Balay Kumar Poddar, proprietor of Grameen Banijyalay at Khatunganj. Increased imports might reduce the price, he added. Importers said they had some shipments to be released within two days at the Chattogram Port which would increase the supply. However, a lower flow of imports might hike the price of the essential commodity price further. The soaring dollar prices against taka in the last couple of weeks badly impacted imports of commodities, bringing about their ...