Commodity prices become volatile on 1st day of Ramadan

Staff Correspondent | Published: 22:11, May 28,2017

 
 

A file photo shows a vendor selling aubergine to a customer at a city market in Dhaka. The prices of sugar, garlic, aubergine, green chilli, coriander leaves and cucumber increased excessively in the city’s kitchen markets on Sunday, the first day of Ramadan, the fasting month for the Muslims. — New Age photo

The prices of sugar, garlic, aubergine, green chilli, coriander leaves and cucumber increased excessively in the city’s kitchen markets on Sunday, the first day of Ramadan, the fasting month for the Muslims.
Traders started to increase the price of sugar from the last week of March this year and the price of the item witnessed its latest increase on the first day of Ramadan.
Sugar was retailing at Tk 75-77 a kilogram on Sunday in the city markets, up by Tk 3 a kg from Saturday’s price.
Despite the government’s assurance of keeping the commodity prices stable, the price of imported garlic increased by Tk 70 a kg within a day and the price of the item hit a record high at Tk 320 a kg on the first day of Ramadan.
The prices of aubergine, green chilli, coriander leaves and cucumber almost doubled in the city’s kitchen markets on the first day of Ramadan.
The price of aubergine increased by Tk 20-40 a kg and the item was retailing at Tk 60-100 a kg depending on its quality.
The price of green chilli increased by Tk 40 a kg and the item was selling at Tk 80-100 a kg in the city markets on Sunday.
Coriander leaves price increased by Tk 80 a kg and the spice was retailing at Tk 200-220 a kg on the day.
Cucumber price increased by Tk 10-20 a kg and the item was retailing at Tk 40-60 a kg in the city markets.
Besides, traders on Sunday were not following the beef price set by the Dhaka South City Corporation and were selling the item at Tk 500-530 a kg in the city.
The DSCC has recently set the price of beef at Tk 475 a kg for the month of Ramadan, which is Tk 55 higher than the last year’s price.
Despite the unexpected hikes in the commodity prices, the government monitoring was seen absent at the markets in the city on the first day of Ramadan.
Commerce minister Tofail Ahmed on May 23 gave guarantee that the commodity prices would not rise during Ramadan.
He said that there was no reason to increase the prices of essentials as the stock of Ramadan commodities including sugar, gram, pulse, edible oil, onion and garlic remained much higher than the demand for the items.
‘I want to assure and to give you the guarantee that the prices of essentials will not increase in the month of Ramadan,’ the commerce minister had said.

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