Good Harvest of Early Winter Vegetables, but Farmers Frustrated by Prices
Dhamrai's farmers harvested plenty of early winter vegetables but are getting only slightly higher wholesale prices while retail prices soar.
Dhamrai's farmers harvested plenty of early winter vegetables but are getting only slightly higher wholesale prices while retail prices soar.
The withdrawal of the import duty has begun to pull onion prices down, with local, Indian and Myanmar onions all selling for less than last week.
Onion prices fell for a second straight week in Dhaka, but fish, meat, chicken and early winter vegetables remained expensive.
Supply shortages have pushed commodity prices worldwide beyond limits, the World Bank says, though it expects markets to stabilise next year.
Exports of wigs and human hair almost doubled year on year in September, beating the monthly target by 79 per cent.
The World Bank's quarterly Commodity Markets Outlook says energy and commodity prices have risen faster than forecast, with food prices still well above last year.
The National Board of Revenue has lowered duties on imported onions and sugar to bring down their prices in the market.
High prices of broiler chicken and vegetables in Dhaka's markets are forcing some low-income people to give up eating meat.
Soybean oil will now sell at Tk 160 a litre, up Tk 7, after crude soybean and palm oil prices rose on the international market.
All imports and exports through Hili land port in Dinajpur were suspended for the holy Eid-e-Miladunnabi.
Cold storage owners in Rangpur division say half the potatoes in their 80 stores are unsold and warn of about Tk 1,000 crore in losses unless the government acts quickly.
Wholesale onion prices at Hili land port in Dinajpur fell by Tk 12 a kg as soon as imports resumed after the Puja holidays.
Shoppers in Dhaka say rising prices of daily essentials have left people desperate, and even an onion trader blames excessive profiteering.