• Monday, May 25, 2020
  • Last Update : 11:57 pm

Edible oil, sugar, veg prices up

  • Published at 11:40 pm March 7th, 2020
web-edible oil
Representational photo: Bigstock

Onion selling at Tk60-80 a kg

Prices of edible oil, sugar and some vegetables increased in the last week, adding to the burden of consumers already hit hard with high prices of essential commodities.

A kg soybean oil was found retailing at Tk92-95 in Saturday's market, which was Tk85-87 just a week ago. Besides, bottled soybean oil sold at Tk100-105 per litre and palm oil at Tk86.

Sugar price increased to Tk70 per kg from Tk65 over the last week.

Visiting several kitchen markets in the capital, prices of some vegetables including papaya, cucumber, chili, carrot, tomato were also found selling at higher prices compared to those of previous week.

Meanwhile, onion prices decreased by Tk20-30 a kg over the week. The local variety of onions was now selling at Tk70-80 per kg, while the imported variety was retailing at Tk60-80 a kg.

A Rampura based grocery trader Moinul Hasan said that the prices of the oil and sugar went up in the city’s wholesale markets for the last few days.

He said the items' prices increased in wholesale market but they did not know reason behind the hike.

By the Trading Corporation of Bangladesh (TCB) data, the price of soybean oil increased a 5.68%   over the last week but sugar price remained 'unchanged'.

The data, however, showed that sugar price rose 6.40% over the last month and 26.67% year-on-year.

A wholesaler from Karwan Bazar, Sumon Ahmed, said that sugar price increased by Tk70-80 to Tk2,2300 per maund (37.32kg) at its Rayerbazar and Moulvibazar hubs, which was why they (wholesaler) had to increase the price.

"The sugar millers sell their products to wholesalers at Tk60-60.80 a kg (government fixed price). In retail market it should not exceed Tk65 a kg," said Anwar Hossain, a Mowlovibazar-based sugar supplier.

He said that a unscrupulous syndicate may worked behind the sugar price hike in retail level, and urged the government for market monitoring.

In the visit, papaya was found retailing at Tk30-40 a kg, bitter gourds at Tk95-115 a kg, aubergine at Tk 40-60 a kg and green chilli at Tk 60-85 a kg.

The price of cucumber was Tk35-45 a kg, carrot Tk30-40 a kg and tomatoes Tk30-40 a kg.

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