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Essential commodity items get pricier

Industry: Commodity, Consumer & Retail

The prices of seven key essential items, including beef, eggs, indigenous chicken, edible oils such as palm and soybean, local spices, vegetables, and lentils, increased between Tk 10 and Tk 50 a kg. This hike in prices is causing difficulties for consumers who are already struggling to cope with the skyrocketing prices of essential commodities. The price of beef, which had previously declined slightly after the Eid-ul-Fitr celebration, increased again and was sold at Tk 780-820 a kg in the city.

Ginger prices hit an all-time high, with the maximum retail price reaching Tk 360 a kg. Green chillies were sold at Tk 150-180 a kg, marking a Tk 60 per kg increase in just seven days. Despite the government setting fixed rates for sugar, the sugar market remained volatile, and major groceries lacked the necessary sugar on Thursday. Consumers Association of Bangladesh (CAB) Secretary  criticized the lack of market monitoring, which allows traders to fix prices at their discretion.

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