Commodity rally continues
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Commodity rally continues

Bazaar

Jahir Rayhan
27 May, 2022, 10:20 pm
Last modified: 28 May, 2022, 10:06 am

Related News

  • Rising commodity prices will increase malnutrition
  • Govt has a role to play in demand management
  • Market manipulation: Holding companies accountable may not be easy
  • High tax, poor market monitoring keep prices in Bangladesh higher than neighbours: CPD
  • Commodity price hikes: Are int’l crises an opportunity for Bangladeshi businesses?

Commodity rally continues

Jahir Rayhan
27 May, 2022, 10:20 pm
Last modified: 28 May, 2022, 10:06 am
The government needs to continue subsidising both agriculture and non-agriculture sectors to keep inflation under control Photo: Mumit M/TBS
The government needs to continue subsidising both agriculture and non-agriculture sectors to keep inflation under control Photo: Mumit M/TBS

The volatile market barely shows any sign of settling down, with ordinary consumers already reeling under commodity price hikes.

In the span of one week, beef, eggs, pulses, packaged whole wheat flour (atta), rice, and vegetables have seen a fresh surge in their prices in the capital. 

While on visits to the kitchen markets of Moghbazar, Karwan Bazar, and Sonar Bangla Market at Roopnagar Residential area in the city on Friday, The Business Standard found that the price of beef increased by Tk50 a kilogram and that of one haali (4 pieces) of eggs increased by Tk3 when compared to the previous Friday.

All varieties of rice gained Tk2 a kg, while the price of a one-kg packet of atta soared by Tk5-6. The latest hike in atta price comes after the Indian government on 14 May imposed a ban on the export of wheat.  

Ali Hossain, a seller at Yasin General Store at Karwan Bazar, told TBS that the newly arrived two-kg packets of flour are selling for Tk108, while those shipped in the previous week were selling for Tk95.

The price of rice has increased by Tk100 per 50-kg bag in the span of a week, he said, adding that the price of loose white sugar has increased by Tk3 a kg to stand at Tk85.

Ali Hossain also said he had bought a 25-kg bag of salt at a wholesale price of Tk705 previously, but the price has now increased to Tk775.

"All types of commodities are getting pricier. Because of the rise in the prices of the essentials, our sales also have dropped. The middle class and the poor are now buying less to cut costs."

Tk50 rise in beef price

Last week, beef sold for Tk650 a kg. On Friday, it was selling for Tk700.

Hafizur Rahman, who sells beef at Sonar Bangla Market, said beef has become costlier as the prices of cows have increased.  "Our profit margin is very low even if we sell beef for Tk700 per kg."

He said his sales have dropped following the price hikes. "A month ago, I used to slaughter three cows on Friday, but the number has come down to one now."

On Friday, mutton was selling for Tk1,000 a kg in the Sonar Bangla Market, but the price was Tk950 at Karwan Bazar.

The price of a haali of eggs in Sonar Bangla Market increased to Tk43 on Friday from Tk40 in the previous week.

Mohammad Hossain, an egg seller at the market, said egg price has increased as the item is short in supply compared to the demand.

Chicken prices remain the same as last week.

Yesterday, Sonali chickens were selling for Tk300-310 a kg, while local chickens were selling for Tk600 a kg. The price of broiler chickens was Tk160.

Rice prices rising gradually

At the retail level, the price of Miniket rice has increased by Tk3 to Tk68 a kg. On the other hand, Nazirshail rice was selling for Tk70 and BR-28 rice for Tk52 a kg on Friday.

Mohammad Khokon, a seller at the Siraj and Sons shop in Karwan Bazar, said the price of rice at the wholesale level has gone up by Tk150 per 50-kg bag in a week.

Asked why rice prices have become volatile even amid the peak season, he said "We the retailers have had to buy it at higher prices. So, we are selling it at higher prices. The authorities must investigate why the prices are rising at the miller level."

Vegetables also becoming dearer

Prices of vegetables have gone up by Tk5 per kg in the market over the past week.

On Friday, tomatoes were selling for Tk80 per kg, pointed gourd for Tk60 a kg, cucumber for Tk60 a kg, and green chilli for Tk100 per kg.

Vegetable seller Noor Alam cited the flood situation in the country as the reason for the rise in vegetable prices. "Last week, I bought 5 kgs of pointed gourds for Tk160 at the wholesale level but now it costs Tk200."

Mohammad Akhter, a private job holder, who came to Karwan Bazar, told TBS, "I come to this market as prices of goods are comparatively less here. But I see a dozen eggs are now selling for Tk120 here. No vegetable is available at less than Tk40 a kg.

"How will we survive? It costs about Tk1,000 to buy five litres of oil. How will we buy other essentials? The government must take steps to reduce the prices of essential commodities considering the state of low-income people."

Top News / Inflation

Commodity Price Hike / bazar / Rising Commodity Prices

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Foreign aid for national budget drops by $1 billion: Finance Minister
  • Infographic: TBS
    FDI from US halves after sanctions
  • Photo: Mumit M
    RMG factories running below capacity due to less work orders: BGMEA chief

MOST VIEWED

  • Representative Photo: Pixabay.
    Refined sugar prices rise by Tk5 per kg
  • Import curbs drive up spice prices
    Import curbs drive up spice prices
  • File Photo: Saikat Bhadra/TBS
    Market manipulation: Holding companies accountable may not be easy
  • The cultivation of winter vegetables is in full-swing on the banks of Chattogram’s Dohazari Shankh river. Winter vegetables are cultivated in large areas in Munshir Char on the north of the river while in Dharmapur, Rasulabad, Chagachar on the south.The vegetable produce in Dohazari area, where this photo was taken, are also exported to various Middle East countries. Photo: Mohammad Minhaj Uddin.
    Dohazari vegetable hub picks up steam as winter arrives
  • TCB to procure 2.20cr litres of soybean oil for OMS
    TCB to procure 2.20cr litres of soybean oil for OMS
  • Price of soybean oil up by Tk12, sugar by Tk13
    Price of soybean oil up by Tk12, sugar by Tk13

Related News

  • Rising commodity prices will increase malnutrition
  • Govt has a role to play in demand management
  • Market manipulation: Holding companies accountable may not be easy
  • High tax, poor market monitoring keep prices in Bangladesh higher than neighbours: CPD
  • Commodity price hikes: Are int’l crises an opportunity for Bangladeshi businesses?

Features

Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

8h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

7h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

9h | Panorama
Photo: Collected

Get your partner a lovely present this Valentine's Day

1d | Brands

More Videos from TBS

30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

10m | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

7h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

7h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

7h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net