Thursday, 21 October, 2021

Hike in Commodity Prices

Low-income people hit hard

  • Staff Correspondent
  • 2 October, 2021 12:00 AM
  • Print news
Low-income people hit hard

Rising prices of a variety of commodities are putting more pressure on wallets of poor and low-income people.

Consumer items are becoming more expensive every week, affecting the consumers at a time when they have been hit hard by income losses due to Covid-19 pandemic.

Poor and marginalised people in urban and rural areas are mainly facing the crisis, said agri economist ASM Golam Hafeez.

Prices of rice, broiler chicken, dry chilli, flour, edible oil, onion, ginger, lentil and other commodities have increased this week, according to Trading Corporation of Bangladesh (TCB).

While visiting several kitchen markets in the capital on Friday, this correspondent saw that Sonali chicken was selling at the same high price Tk 310-320 per kg like previous week. It was Tk 230-240 per kg a month earlier but the price of chicken increased gradually in September.

The price of broiler chicken was at Tk 165-170 per kg while it was Tk 155-165 per kg a week earlier and Tk 120-130 per kg three week earlier.

The price of farm eggs was Tk 110-120 per dozen same as the previous high price while it was Tk 90-95 three weeks earlier.

Higher demands, closure of some small farms and higher feed price are the main causes for price hike of chicken, said market insider.

Sohidul, a chicken trader at Mohammadpur Krishi Market, said they have to purchase chicken at higher rate and for this reason, they are selling it at higher price.  “Demand for chicken has risen at hotels, restaurants and different festivals but production has not increased,” he said.

Price of onion has increased to Tk 48-50 per kg while it was Tk 45 per kg a week earlier.

Bean was selling at Tk 100-120 per kg while it was Tk 129-140 per kg a week earlier. Tomato prices remained unchanged at Tk 100-120 per kg same as the previous week. Price of carrot has increased to Tk 120-160 per kg while it was Tk 100 per kg a week earlier.

Ribbed gourd price was Tk 60-70 a kg, bitter guard was at Tk 60-80  per kg, snake gourd was at Tk 50-60 per kg and pointed gourd was Tk 50-60 per kg same high as the previous week price.  Okra was selling at Tk 60-70 per kg and Yardlong bean price was Tk 80-90 a kg, same high as the previous week price.

Prices of early winter varieties of vegetables, including cauliflower, cabbage and radish, were high at the market. A small size cauliflower was sold at Tk 40-50 per piece, cabbage was sold at Tk 30-50 per piece and radish was sold at Tk 60-70 per kg.

Green banana was selling at Tk 30-35 per four pieces, red amaranth at Tk 15-20 per bunch, radish leaves at Tk 15-20 per bunch and water spinach was selling at Tk 10 per bunch.

Production of vegetable will increase as soon as the winter appears, said Riaz, a vegetable trader, adding that vegetable supply is low this time.