Spice prices soar as Eid-ul-Azha nears

ANM Mohibub Uz Zaman

16 July, 2021 12:00 AM printer

Spice prices soar as Eid-ul-Azha nears

Prices of spices are skyrocketing ahead of Eid-ul-Azha, leaving more pressure on the wallets of the consumers.

Most of the spices used in meat recipes increased in the capital’s kitchen markets.

Most spices went up by 2% to 70% in a month as Eid is approaching, according to Trading Corporation of Bangladesh (TCB).

The price of ginger mostly used in cooking meat saw a sharp rise in the last couple of weeks.

Imported ginger price has increased by 13.3 percent in a week and 70 percent in a month in the country, according to the Trading Corporation of Bangladesh (TCB).

Ginger was selling at Tk 140-200 per kg in the city’s retail market on Wednesday, increasing from Tk 120-180 a week ago and Tk 80-120 a month earlier, it said.

 Cumin, another vital spice for meat recipe, saw a moderate surge in prices.

Its prices increased by 2.78 percent in a week and was sold at TK 320-420 per kg in the capital on Wednesday.

Its price was stable over the last two months, but went up from the beginning of July.

Imported garlic, one of the vital spices for meat recipe, rose by 11.54 percent in a week and 20.83 percent in a month, according to TCB.

It was selling at Tk 130-160 per kg which was Tk 120-140 per kg a week earlier and Tk 110-130 per kg a month earlier.

Masud Alam, owner of Mahmud General Store at Kawranbazar, said price of ginger, cumin, garlic and some other spices prices have increased in the market as supply has run short due to lockdown.

Local turmeric price has increased by 29.41 percent in a month and was selling at Tk160-180 per kg on Wednesday.

Bay leaf price has increased by 9.38 percent in a week and was sold at Tk 150-200 per kg.

The price of other essentials like cardamom, clove, cinnamon and lentil remained stable in the last one week.

Rabiul Alam, a consumer from Mohammadpur, said price hike of spices ahead of Eid-ul-Azha has affected them financially.

He said some dishonest traders have increased the prices of spices due to lack of surveillance in markets.