Sensing increased demand, traders hike prices of Eid essentials in Dhaka

In the last 48 hours leading up to Eid ul Azha, some unscrupulous traders in capital Dhaka have jacked up their asking price for essential Eid items that are certain to be in high demand during this period.

Visiting one of the capital's busiest markets in Malibagh, this correspondent found the prices of three such items - aromatic rice, the essential ingredient in pulao, vermicelli, which is used to make popular dessert shemai, as well as jwarda, and sugar, which is used in almost any at a higher price as the traders raised the price of these items ahead of Eid-ul-Azha.

Although there is no change in the prices of packaged products, traders have increased the prices of the products that are being sold in the open market.

On Tuesday (June 27), aromatic rice was being sold at Tk 140 to Tk 160 per kg, while packaged aromatic rice (Chinigura) is being sold at Tk 170 per kg.

Similarly vermicelli was being sold at Tk 120-130 per kg on Tuesday in loose form. But just two days ago the same vermicelli was being sold at Tk 100-110 per kg. A different variety, laccha vermicelli, was sold at Tk 125-135 per kg on Tuesday, but this was only Tk 110-120 per kg two days ago. In packed form, a 200-gram packet of laccha is being sold at Tk 50, which is a much higher price per unit.

The price of sugar meanwhile remains sticky upwards, with unpacked or loose sugar being sold at Tk 140-150 per kg at Malibagh kitchen market.

Some market-goers lamented they had not yet completed the purchase of their sacrificial cattle, for which they would  be going back to the haats in the evening.

Many consumers had come to the market braving the afternoon drizzle to complete their kitchen-market purchases. The somewhat sudden hike in the prices of some items left them disappointed.

“I am surprised to see the asking price for most of the essential items jumped by Tk 20 to 30 per kg,” said one such consumer, Abdul Alim, a service-holder by profession. But the traders vigorously defended their move.

Farooq Hasan, who runs the Haji Farooq General Store in Malibagh market, said their asking price simply reflects that prices have gone up across the board.

“The price of everything is high, so we have to sell at higher prices," said Farooq in a matter-of-fact way.

“Yes I am selling aromatic rice at upto Tk 160 per kg - whoever wants to can buy it. I am not forcing anyone. I am here to make a profit, not a loss,” Farook added.

Shahin Howladar, a businessman of Barisal General Store in the same market, said that he is selling open sugar at Tk 140 to Tk 145 a kg, and good quality sugar for Tk 150 per kg.

Meanwhile, broiler chicken is still being sold in the capital at Tk 190 to Tk 200 per kg. Sonali Coke is being sold at Tk 300 to Tk 310 per kg. Domestic indigenous chicken is being sold at Tk600 to 650 per kg.

According to the information of Trading Corporation of Bangladesh (TCB), the state-owned market price regulator, broiler chickens are being sold at Tk 160 to Tk 170 on Tuesday. Sugar is being sold at Tk130 to 140.

Among powdered milk, 1 kg Dano, Diploma, and Fresh milk are being sold at Tk 840 per kg and Marks milk is selling at Tk 830 per kg.