Commodity prices still high

Staff Correspondent

24 October, 2020 12:00 AM printer

Prices of most of the essential commodities including potato, edible oil, onion and rice are still high in the city’s kitchen markets.

Skyrocketing prices of vegetable, potato, onion, soybean oil, ginger, green chilli, rice and some other commodities have been putting pressure on the low-income groups amid the financial hardship caused by the coronavirus pandemic.

Though vegetable prices have decreased slightly, many vegetables are still beyond the reach of the fixed-income group.

People have felt the pinch of commodity price hike in the last several months and many people had to reduce the consumption of some certain food items due to the price hike on top of a fall in their income.  

Excessive rain and flood after Covid-19 pandemic damaged croplands and vegetable fields, creating a supply church of vegetables in the market.

The flood hit four times this year and affected the production of vegetables and other crops.

Golam Rahman, chairman of Consumer Association of Bangladesh (CAB), told the Daily Sun that some unscrupulous businessmen are increasing commodity prices, taking the advantage of the Covid-19 situation, flood and rainfall.

“The businessmen and middlemen are making higher profits after creating an artificial crisis in the market though the country has adequate production and stock of essential items,” he said, adding there is an existing law under which the Department of Agriculture Marketing (DAM) can fix agro commodity prices.

The government should increase its vigilance and take action against the hoarders and market manipulator, he added.

Potato was selling at Tk 45-50 per kg at different kitchen markets in the capital on Friday though the government has fixed the retail price of potato at Tk 35 per kg.

Price of local onion was Tk 85-90 per kg and imported onion was selling at Tk 65-75 per kg in different kitchen market on the day, down from Tk 90-100 and Tk 70-85 per kg a week earlier.

In Mohammadpur Krishi market, string bean was selling at Tk 70-80 per kg, down from Tk 80-140 per kg a week earlier. Carrot was selling at Tk 70-90 per kg on Friday from Tk 80-100 per kg a week earlier.

Cucumber was selling at Tk 50-60 per kg from Tk 90-100 per kg a week earlier, coriander leaf was selling at Tk 250-280 per kg and tomato price came down to Tk 110 per kg from Tk 120-140 per kg a week ago.

Better guard was selling at Tk 70-80 per kg, down from Tk 80-100 per kg a week earlier, palwal price remained the same at Tk 70-80 per kg same and green chili was selling at Tk 200-250 per kg from Tk 250-300 per kg a week earlier.

Eggplant was selling at Tk 60-100 per kg from Tk 80-110 per kg last week.

Okra was selling at Tk 50-60 per kg from Tk 70-80 per kg a week earlier, green papaya was selling at Tk 30-40 per kg from Tk 50 per kg a week earlier, four pieces green banana was selling at Tk 30-40, down from Tk 40-50 a week earlier and guard was selling at Tk 50-60 per piece from Tk70-80 a week earlier.

Bottle soya bin oil maintained the same price of Tk 470-520 per litre and palm oil price was also selling at the previous price of Tk 82-84 per litre.