Garlic price up by Tk60 a kg in two weeks
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Tuesday
July 05, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
TUESDAY, JULY 05, 2022
Garlic price up by Tk60 a kg in two weeks

Bazaar

TBS Report
20 May, 2022, 10:15 pm
Last modified: 22 May, 2022, 10:52 am

Related News

  • Onion prices go up by Tk20 per kg due to supply crunch
  • AL profiteers’ foul play behind rice price hike: BNP
  • Commodity rally continues
  • Price hike in kitchen markets continues
  • The end of fish and chips? Rising prices threaten a British tradition

Garlic price up by Tk60 a kg in two weeks

Prices of ginger and onions have also been on the rise

TBS Report
20 May, 2022, 10:15 pm
Last modified: 22 May, 2022, 10:52 am
File Photo: Pexels
File Photo: Pexels

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 the 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 a 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 price hikes. Besides, traders are blamed for manipulating prices by showing an artificial crisis.

Apart from garlic, the wholesale price of imported ginger also increased by Tk10-15 to Tk60-65 per kg, prompting traders to increase the prices of local varieties as well.

Local ginger sold at Tk30-40 a kg in Khatunganj two weeks ago, which surged to Tk40-50 on Friday.

According to the Bangladesh Trade and Tariff Commission, the country consumes some 6 lakh tonnes of garlic, of which 5 lakh tonnes are produced domestically and the rest come from abroad. The annual consumption of ginger is some 3 lakh tonnes, while nearly 42-45% is imported.

Meanwhile, the price of onion was on the rise since 6 May, as the Department of Agricultural Extension (DAE) suspended allowing the item import to protect farmers with locally-grown onion hitting the market.

On Friday, Indian varieties of onions were sold at up to Tk40 a kg at the wholesale hub, which was the highest Tk38 in last week and Tk25 two weeks ago. However, local onion prices fell to Tk25-32 per kg on the day from Tk30-34 a week ago. It was Tk26-27 two weeks ago.

"We only suspended import-permit for onions. Imports of other items, including garlic and ginger, remain normal," said Nasir Uddin, deputy director of the Plant Quarantine wing of the DAE for Chattogram seaport.

 

Top News / Inflation

Garlic / Onion / Ginger / Commodity Price Hike

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

  • Padma Bridge opens up investment spree in south
    Padma Bridge opens up investment spree in south
  • BB slaps 100% LC margin to discourage imports of cars, electronics among other items 
    BB slaps 100% LC margin to discourage imports of cars, electronics among other items 
  • Illustration: TBS
    Universal Pension Scheme: Has it been thought through?

MOST VIEWED

  • Photo: Collected
    A banana for Tk15!
  • Photo: Azizul Shonchay
    Weekly clothing market in Bhairab Bazar becomes a trading hub for locals
  • Fewer cattle, buyers mark 1st day of Eid cattle sales in Chattogram
    Fewer cattle, buyers mark 1st day of Eid cattle sales in Chattogram
  • The recent inflation has stemmed from the fuel price hike as the price of energy has gone up internationally. Photo: Mumit M
    Dhaka commodity markets feel the heat of floods in North
  • File photo. Urban areas are already emerging as the new poverty frontier. Photo: Mumit M/TBS
    TCB products to be sold to family cardholders from tomorrow
  • Photo: Collected
    Vegetable prices drop slightly

Related News

  • Onion prices go up by Tk20 per kg due to supply crunch
  • AL profiteers’ foul play behind rice price hike: BNP
  • Commodity rally continues
  • Price hike in kitchen markets continues
  • The end of fish and chips? Rising prices threaten a British tradition

Features

Illustration: TBS

Universal Pension Scheme: Has it been thought through?

26m | Panorama
Last month Swapan Kumar Biswas, the acting principal of Mirzapur United College, was forced to wear a garland of shoes for ‘hurting religious sentiments.’ Photo: Collected

Where do teachers rank in our society?

22h | Panorama
Japanese Ambassador Naoki Ito. Sketch: TBS

'The game-changing projects are in line with the Bay of Bengal Industrial Growth Belt initiative'

1d | Panorama
A Glittery Eid

A Glittery Eid

1d | Mode

More Videos from TBS

Realme Narzo 50A Prime available now

Realme Narzo 50A Prime available now

13h | Videos
Export products to get diversified

Export products to get diversified

14h | Videos
Horrible routes of human trafficking

Horrible routes of human trafficking

15h | Videos
Why Mbappe cheated Real Madrid

Why Mbappe cheated Real Madrid

15h | Videos

Most Read

1
TBS Illustration
Education

Universities may launch online classes again after Eid

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

4
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

5
Illustration: TBS
Interviews

‘No Bangladeshi company has the business model for exporting agricultural product’

6
Lee Hyun-seung (third from right), head of Korea Expressway Corp.'s Overseas Project Division, shakes hands with Quazi Muhammad Ferdous, head of the Bridge Authority of Bangladesh, after signing a contract on June 29 (local time).
Bangladesh

Korean company to oversee N8 Expressway in Bangladesh

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Workers ready a passenger vessel with a fresh coat of paint to the deck ahead of the Eid-ul-Azha at a dockyard at Mirerbagh in South Keraniganj. The vessel getting the makeover plies the Bhandaria route and will take holidaying people from the city to their country homes. Eid will be celebrated on 10 June this year. The photo was taken on Monday. Photo: Mumit M

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