Rice, chicken prices increase
The price of chicken has increased slightly in the market due to low supply and increased demand.
Mahedi Hasan Murad
- Staff Reporter
- Tue, 2 Jan 24
Staff Reporter
Rice prices soaring even in Aman season
Rice prices are increasing uncontrollably even during the Aman season when the government has also announced to withdrawal of customs duty on rice import. This market volatility has also put traders in trouble. In the last two weeks, the price of rice has increased by Tk200-250 per bag. As a result, the price of Long-grain rice at the retail level has increased by Tk3 to 5 per kg and the price of medium-grain rice by Tk2 to 3. Corporate institutions have held paddy hoarding responsible for the situation while ordinary buyers and sellers have called this abnormal increase in rice prices during the Aman harvesting season mysterious.
Oil syndicates active targeting Ramadan
Multiple syndicate circles are destabilizing the oil market ahead of the month of Ramadan. The circle is creating an artificial crisis by reducing the supply of soybean oil (bottled) in the market. Market analysts say that every year this circle becomes active to increase the prices of daily commodities around the month of Ramadan. But unfortunately, marketers claim that this syndicate makes the market volatile getting blessings from the influentials linked with the government.
Rising prices of essential amidst stock shortage
The government has waived tariffs on six essential commodities to curb abnormal price hikes. However, despite 1.5 months of tariff reductions, imports have not significantly increased. As a result, while the prices of a few items have dropped slightly, most essential goods remain costly.
Despite widespread criticism, battery-run rickshaws still "flying" on main roads
Despite widespread criticism, battery-powered rickshaws are still running on the main roads of Dhaka. These vehicles, which have been heavily criticized as "dangerous," continue to operate on the main roads, disregarding a recent high court ruling that forbids them. They are also ignoring the decisions made in meetings with the Dhaka Metropolitan Police (DMP).
High prices of winter vegetables despite increased supply
Although the winter season has not yet fully arrived, the northern regions of the country are already experiencing cold weather. Other districts are also feeling the chill. While people in the capital haven't been fully affected by the cold yet, many are struggling with the high prices of winter vegetables.