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Rice prices on decline

  • Staff Correspondent
  • 3 September, 2022 12:00 AM
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Rice prices on decline

Rice prices have dropped by Tk 2 to Tk 5 per kg in a week as a result of government initiatives such as a cut in import duties, the Food Friendly Programme (FFP), and the Open Market Sale (OMS), though the price is still higher than the previous month.

Consumers were put in a difficult position in the last few months as rice prices in domestic markets continued to rise.

In an effort to regulate the rice market, the government reduced the duty on the import of rice from 25 percent to 5 percent last week.

According to the Trading Corporation of Bangladesh (TCB), fine-quality miniket and najirshail rice prices have dropped by 2.80 percent in a week, medium-quality aijam and lata rice prices have dropped by 4.27 percent in a week, and coarse rice prices have dropped by Tk 4.42 percent.

The price of fine quality rice was Tk 64-75 per kg, medium quality rice was Tk 54-58 per kg, and coarse rice was Tk 52-56 per kg.

According to TCB, the prices of nine essential food items have increased, while the prices of eight essential food items have declined.

Last month, the price of green chilies skyrocketed to Tk 200 per kg in the capital, but its price declined to Tk 40 per kg.

Farm egg prices rose by 10 percent in a week, rising to Tk 35-38 per four pieces from Tk 30-35 per four pieces.

The price of broiler chicken was TK 180 per kg, the same as the previous week, and sonali chicken was sold at Tk 280-300 per kg on the day.

While visiting the vegetable market at Mohammadpur Krishi Market, it was seen that early variety beans, cauliflower, and other vegetables were sold at the previous high price.

Early variety beans were sold at Tk 150 per kg and cauliflower was sold at Tk 30-40 per piece.

Tomatoes were sold at Tk 120-130, carrots were sold at Tk 120-130 per kg, and yardlong beans were sold at Tk 70-80 per kg.

Brinjal was sold at Tk 50-70 per kg, spiny gourd was Tk 50-70 per kg, green papaya was Tk 20-25 per kg, pointed gourd was sold at Tk 40-50 per kg, snake gourd was sold at Tk 40-50 per kg, and bitter gourd was Tk 60-80 per kg.

Ruhi fish was sold at Tk 320-450 per kg (1.5kg), Telapia and Pangas fish were Tk 170-200 per kg.

Mrigel fish price shot up to Tk 280 per kg, shrimp soared to Tk 800-1,000 per kg, Shing was sold at Tk 500 per kg, and Pabda was Tk 350-500 per kg.

Some fish traders said that the prices of fish have increased due to the increasing price of fuel.