Business Today

The price of open sugar increased by 5-7 rupees in a span of two days

Last week traders proposed to the commerce ministry to increase the price of sugar. The price of sugar increased in the market before the proposal was officially approved. The price of sugar has increased by Tk 5 to Tk 7 per kg in a span of two days. Markets for rice, chicken and chicken eggs are also volatile.

On Saturday, open sugar was sold wholesale at Moulvibazar in the capital for Tk 87 per kg. That sugar was sold at 90 taka in Karwan market with expenses. A week ago, wholesale sugar was sold at Tk 81 to Tk 82 per kg in these shops. Last Thursday the price was 83 to 85 Tk. However, packaged sugar is around Tk 85 per kg. But the supply of this sugar in the market is low.

TCB yesterday’s market price list also showed this picture of sugar price increase. According to TCB, open sugar is selling at Tk 82 to Tk 90 per kg in the Dhaka market. A week ago it was 80 to 82 taka. According to TCB, the price of sugar has increased by Tk 8 to Tk 10 within a week.

Meanwhile, the price of two types of rice in the market increased by two rupees per kg. This includes BR28 being sold at Tk 60 per kg from Tk 58 per kg. And good quality miniket rice has increased by two rupees to 72 rupees. The price of powdered rice in the market has also increased again. In this, one kg sugar powder rice from Tk 115 to Tk 116 is now being sold at Tk 120 at an additional rate of Tk 4.

Naeem Hasan of Rob Store in Karwan Bazar told Prothom Alo that the price of rice is constantly increasing. The price of sugar has also increased. Almost all products are overpriced. It is impossible to predict which direction the market is going.

Meanwhile, the chicken and chicken egg market in the capital is quite unstable. A kg of chicken is now Tk 190 to Tk 200 in the wholesale market. And eggs are being sold wholesale for 50 taka. Meanwhile, the prices of both domestic and imported ginger have increased. Domestic ginger is being sold at Tk 100 and imported ginger at Tk 120 to Tk 130 per kg. Last week, domestic ginger was sold at Tk 90 to Tk 100 and imported ginger at Tk 110 to Tk 120 per kg.
Abdul Quddus, onion, garlic and ginger dealer at wholesale Shyambazar, said, “Despite the regular supply, the demand for ginger has increased, due to which the price has increased slightly. Maybe this situation has happened because of Roja-Eid, it is temporary.”

On the other hand, the supply of new onion and garlic in the market is increasing daily. And the demand for broiler chickens and farm eggs has decreased slightly due to fasting. Traders said that due to this, the price has gone down.

Both domestic and imported onions are selling at Tk 25 to Tk 30 per kg, compared to Tk 30 to Tk 35 last week. Domestic garlic is selling at Tk 60 to Tk 70 and imported garlic at Tk 120 to Tk 130 per kg. Shopkeepers said that the price of garlic has decreased by Tk 10 per kg compared to last week.