Spices, beef costlier ahead of Eid

Business Desk
10 August 2019, Sat
Published: 03:23 Updated: 03:44

Spices, beef costlier ahead of Eid

Prices of spices have gone up just one week ahead of Eid-ul-Azha, the second largest religious festival of Muslims in Bangladesh.

Traders told that the prices have gone up because of the increased demand ahead of Eid-ul-Azha. At the kitchen markets in Dhaka, including Karwan Bazar, different spices were being sold at higher prices yesterday (Friday). Cardamom, clove, cinnamon, cumin seed, pepper, ginger, dried chilli, turmeric and garlic were expensive, while the price of onion remained stable. Retailers alleged that wholesalers raised the prices of most of the spices cashing in on the increased demand before Eid-ul-Azha.

Consumers alleged that the prices increased due to the government’s lack of monitoring. In the wholesales market, cardamom imported from India’s Kerala and Tamil Nadu states was being sold for Tk. 2,200- 2,650 one kg as against last month's Tk. 1,800- 2,200. Clove was seliing for Tk. 760- 820, up from Tk. 700- 780 last week. Cinnamon was being sold for Tk. 415 as against Tk. 350 last week. And Ginger was selling for Tk 180-220 per kg. 

The price of local garlic went up to Tk. 160-180 a kg from Tk. 100-120 couple of weeks back.

Consumers said that the price of onion went up to Tk. 45-48kg. The price of soybean oil increased from Tk. 80 to Tk. 90 per litre, while the price of palm oil rose from Tk. 70 to Tk. 75.

A businessman at Kawran Bazar told that prices of some of essential spices rose over the past 15 days due to Eid.

He added that the prices did not increase compared to the previous years. We’ve enough stock of spices.

He said that During Eid-ul-Azha, we usually see a sharp rise in prices of essential spices due to heavy demand in the local market every year.

Consumers said that tomatoes were being sold for  Tk. 110-145 per kg, eggplants for Tk. 60-70, bitter gourds for Tk. 60-70, cucumbers for Tk. 50-65, ridge gourds for Tk. 80 and okra for Tk. 60. The price of chilli remained higher. It was sold for Tk. 180-200 a kg last week.

On the other hand, Consumers alleged that the price of beef increased last week.

Consumers alleged, This rise in the price  to stockpiling of cows and buffaloes by most of the cattle traders who hope to sell them at higher prices during  Eid-ul-Azha. The beef price increased by Tk.20-30 as it was selling for Tk. 555- 620 a kg yesterday. Buffalo meat was being sold for Tk. 470-530 a kg. Mutton was selling for Tk. 770- 830 per kg.

And the price of broiler chicken meat was, however, low at the kitchen markets. Broiler chicken meat was selling for Tk. 110-145 kg, while the price of red cock meat was Tk. 200- 220.