Saturday, July 27, 2024

Rice price remains high amid supply disruption

Milk powder price rises
The price of rice continued to rise on the retail markets in the city last week despite arrival of new rice on the market as political violence, frequent blockades and hartals disrupted the supply chain across the country. Vegetable prices remained high throughout the week except Friday. The prices of vegetables decreased on Friday as the city’s market saw higher supply on the day as the fourth round of blockade enforced by the opposition political parties ended Friday morning.
Traders attributed the price hike of rice and other commodities to the political turmoil that almost paralysed the transportation system across the country.
They said truckers raised their fares by five to 10 times due to risk of arson and vandalism on the highways by pickets.
The season for aman rice and winter vegetables has peaked but neither the consumers nor the growers are getting benefits because of the supply chain disruption.
The price of fine varieties of najishail rice increased by Tk 2 a kilogram to Tk 54-Tk 60 a kg over the week.
The price of coarse and fine varieties of BR-28 and miniket remained high. The rice were selling at Tk 43-Tk 45 a kg and Tk 48-Tk 52 a kg respectively.
MA Awal Talukder, a rice trader at the Karwan Bazar kitchen market, told New Age that higher transportation cost pushed the rice price up.
Truck fare increased by 10 times amid political unrest, he said.
On Thursday, importers increased the prices of all varieties of milk powder by Tk 50 a kg.
Companies and importers of milk powder increased the prices of the items by Tk 50 a kg without showing any reason, said Zakir Hossain, a retailer at the Karwan Bazar kitchen market.
Milk powder Dano, Diploma, Fresh and Marks were being sold at Tk 695 a kg, Tk 675 a kg, Tk 670 a kg and Tk 660 a kg respectively on Friday.
The price of local garlic rose by Tk 20 a kg over the week and it was selling at Tk 100 a kg while the imported one was retailing at Tk 75-Tk 80 a kg.
The prices of vegetables decreased by Tk 5-Tk 10 a kg on Friday due to the increased supply of vegetables on the day.
Bean was retailing at Tk 20-Tk 30 a kg, cauliflower at Tk 25 a piece, cabbage at Tk 25 a piece, aubergine at Tk 30-Tk 40 a kg, okra at Tk 40 a kg, bitter gourd at Tk 30 a kg, cucumber at Tk 30 a kg, carrot at Tk 30 a kg, tomato Tk 80 a kg and papaya at Tk 15 a kg on the day.
The price of broiler remained unchanged and it was selling at Tk 125-Tk 130 a kg over the week ending Friday.
The price of egg decreased by Tk 2 a hali (four pieces) and it was selling at Tk 26-Tk 28 a hali on Friday.
The price of onion decreased by Tk 10 a kg as the supply of newly-harvested onion increased to the city’s markets.
The newly-harvested local onion was selling at Tk 90 a kg while the imported item was retailing at Tk 70-Tk 80 a kg on Friday.
Traders said that the prices of the item — both local and imported — would come down if a smooth transportation could be ensured.
Mosharraf Hossain, joint secretary of Shambazar Krishi Panno Arrot Bonik Samiti, told New Age that the prices of onion would decrease further as India had reduced the export price of the item.
The Indian government has decided to decrease the export price of onion to $350 a tonne from $1,150 a tonne, he added.
The price of green chilli dropped by Tk 20 a kg and was selling at Tk 60 a kg on Friday.
The price of potato remained unchanged and it was retailing at Tk 20 a kg. Sugar was selling at Tk 48-Tk 50 a kg.
The price of local red lentil remained unchanged and the item was retailing at Tk 115 a kg on Friday.
The price of bottled soya bean oil (five litres) remained unchanged and it was selling at Tk 570-Tk 585 in the city’s kitchen markets. The unpacked soya bean oil was retailing at Tk 112-Tk 115 a kg.
Rohita was selling at Tk 250–Tk 300 a kg on Friday, pangas at Tk 180–Tk 250 a kg and tilapia at Tk 160–Tk 200 a kg, depending on their size and quality.
The prices of beef and mutton remained steady. Beef was selling at Tk 280 a kg and mutton at Tk 450 a kg on Friday.

-With New Age input

Related News

BRAC Bank introduces VISA Platinum Flexi Card

Business Desk : dhakamirror.com BRAC Bank has introduced a new ‘VISA Platinum Flexi Credit Card’, exclusively designed for the youth and young professionals aspiring to elevate their lifestyle. The new credit card comes with a wide range of lifestyle, travel, hotel stay, and dine-in benefits for cardholders at a competitive annual fee, according to a ... Read more

Biswas Imports: Leading the way in Bangladesh’s car market

Business Desk : dhakamirror.com Biswas Imports has become a standout in Bangladesh’s car industry since starting as a Facebook page in 2015 by Mr Musa Biswas. The name “Biswas” means “Trust” in Bengali, reflecting their commitment to integrity and reliability. Specialising in importing and selling high-quality new and reconditioned cars from Japan, Europe, and the ... Read more

Bangladesh set to launch direct flights with Switzerland

Business Desk : dhakamirror.com Bangladesh is set to launch direct flights with Switzerland with at least 14 flights operating between the countries per week. The Government of Bangladesh and the Swiss Federal Council in Bern inked an agreement to this end on 4 June, marking significant progress in expanding the country’s air travel network, reads ... Read more

Emirates eliminates online payment limit for flights in BDT

Business Desk : dhakamirror.com Emirates has made online payment more convenient for customers purchasing tickets in Bangladesh. Now, customers can use locally issued debit and credit cards to complete payment transactions online for flight tickets and enjoy the convenience of unlimited transactions in BDT. Customers can enjoy the ease of paying for tickets on emirates.com, ... Read more

Aziz Khan next chair of Unicef Int’l Council

Business Desk : dhakamirror.com Unicef has announced Muhammed Aziz Khan as the incoming chair of the Unicef International Council, succeeding the inaugural chair, Maria Ahlstrom-Bondestam. He will assume the position in November this year, a press release issued by Unicef said yesterday. The Unicef International Council is a unique community of approximately 150 private philanthropists ... Read more

NJ Diamonds brings vibrant luxury jewelry to Bangladesh

Business Desk : dhakamirror.com NJ Diamonds, a new luxury jewelry brand, has officially launched in the capital at Banani road 11. The event was a glittering affair, attended by top influencers and industry elites, marking a significant milestone for the Bangladesh jewelry market. NJ Diamonds, founded by Noorjahan Abdullah & Labiba Abdullah, are set to ... Read more

NCC Bank celebrates 31 years of operations

Business Desk : dhakamirror.com NCC Bank celebrated its 31 years of operations at the bank’s head office in Dhaka on Friday. Md Abul Bashar, chairman of the bank, inaugurated the 31st anniversary programme, said a press release. NCC Bank started its journey on May 17, 1993. “During the 31 year-long-journey, the bank played a remarkable ... Read more

21 winners receive gifts from Nagad’s mega campaign

Business Desk : dhakamirror.com A total of 21 winners have received different gifts by taking part in the country’s biggest transactions campaign – initiated by Nagad, a popular mobile financial service provider. Recently, Nagad’s Senior Executive Vice-President and Chief Marketing Officer Sadat Adnan Ahmad and Executive Vice-President and Deputy Chief Marketing Officer Muhammad Solaiman handed ... Read more

Hatil Chairman Selim H Rahman honoured with CIP award

Business Desk : dhakamirror.com Selim H Rahman, the esteemed Chairman and Managing Director of HATIL, a leading name in the furniture industry, was conferred with the prestigious Commercially Important Person (CIP) award for his pioneering contributions to the export of the furniture sector. The ceremony held at the Radisson Blu Water Garden Hotel, Dhaka, on ... Read more

Emirates announces first destinations for A350 service

Business Desk : dhakamirror.com Emirates has announced the first set of destinations to be served by its A350 aircraft entering service in September 2024. The airline plans to deploy its latest aircraft type to 9 destinations in the coming months, offering customers its latest signature cabin experiences.10 new A350s are expected to join the Emirates ... Read more

Adidas nearly ready to open outlet in Dhaka

Business Desk : dhakamirror.com Adidas, the German athletic apparel and footwear giant, is set to open its first outlet in Bangladesh this month at Gulshan-1 in the capital. The three-stripes will partner up with leading local conglomerate DBL Group, which will facilitate its entry into the Bangladesh market. “We have planned a soft launch on ... Read more

Shwapno opens new outlet in Pabna

Business Desk : dhakamirror.com Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market. The inauguration took place at 5:30pm on 30 December, reads a press release. Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, ... Read more

Shwapno launches new outlet at Bashundhara

Business Desk : dhakamirror.com Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility. On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, ... Read more

With ‘Face ID’ and ‘Fingerprint’ login bKash app is now more secure, user-friendly

Business Desk : dhakamirror.com bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the ... Read more

Grameenphone wins ‘Bangladesh Sustainability Excellence Awards 2023’ in Financial Inclusion

Business Desk : dhakamirror.com It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition. Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence ... Read more

Banglalink wins the best sustainability award

Business Desk : dhakamirror.com Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh. The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System ... Read more

StanChart wins Mastercard Excellence Awards

Business Desk : dhakamirror.com Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”. The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”. Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, ... Read more

Nagad wins Mastercard Excellence Award 2023

Business Desk : dhakamirror.com Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release. On behalf of his company, Nagad’s Executive Director Maruful ... Read more

Prime Bank clinches Mastercard Excellence Awards 2023

Business Desk : dhakamirror.com Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category. Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor ... Read more

Zakia Rouf Chowdhury elected as vice chairman of Bank Asia

Business Desk : dhakamirror.com Zakia Rouf Chowdhury has been elected as Vice Chairman of Bank Asia Limited recently at the 508th meeting of the Board of Directors of the bank. She has an illustrious business career of more than 35 years in the private sector of Bangladesh. Since inception, she has been holding leadership positions ... Read more