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Prices of essentials shoot up ahead of Ramadan


Posted on Saturday, September 23rd, 2006 at 4:00 am
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Prices of essentials shot up further on the eve of Ramadan, causing much trouble to the low and middle-income people.

Incessant rain for the last three days that disrupted supply has acted as a factor behind the price rise.

Depending on the visibility of the moon, devotees will start fasting after tonight or tomorrow night while Moon-Sighting Committee sits today with State Minister for Religious Affairs Mosharef Hossain Shajahan in the chair.

For the last two days, prices of chickpea, green chilli, onion, muri [puffed rice], and lentil have been rising rapidly.

The price of green chilli yesterday jumped to Tk 50 per kg from Tk 20-25 in the capital’s retail market and in the wholesale market it was sold at Tk 30 while the rate was Tk 15 just two days ago.

The incessant rain has disrupted the supply, leading to the price rise. Moreover, some goods have rotten due to heavy downpour, wholesalers at Karwan Bazar said.

The price of aubergine was Tk 15 to 20 a kg in retail market even before two or three days, traders said. It is now sold at Tk 30-35 due to huge demand on the eve of the Ramadan.

Price of puffed rice (muri) has jumped to Tk 32-35 per kg in retail market. It was sold at Tk 28-29 three days back, said retailers.

Gram, an important iftar item, is selling between Tk 68 to70 but two or three days ago its retail price was Tk 65-66.

The price of lentil was Tk 60-62 three days ago and now it is sold at Tk 65, the wholesalers of Karwan Bazar said.

A 50-kg sack of gram that was sold at Tk 2,830-2,870 three days ago now is selling at Tk 3,050-3,170, a wholesaler said, adding that lentil that sold at Tk 2,950 three days ago, now is selling at Tk 3,060 in wholesale market.

The retailers and wholesalers have blamed each other for unusual rise in the prices of essentials. Retailers said hoarding of essential commodities by the wholesalers is responsible for the soaring prices while the wholesalers said the retailers are making a brisk business by bumping up prices.

Visiting several city markets during the last couple of days, The Daily Star correspondent observed sharp rise in the prices of essentials in the recent time.

For the last one month, prices of potato, onion, garlic, muri (puffed rice), chira (parched rice), wheat, flour, pulses, tea, packet liquid milk, vermicelli, Isabgul bhushi, ghee and edible oil have been rising rapidly.

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This entry was posted on Saturday, September 23rd, 2006 at 4:00 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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