Bizdata Insights Main Logo

BizData Insights

Flour selling at 55 taka kg

Industry: Commodity, Consumer & Retail

The prices of essential commodities in Bangladesh have soared, causing significant strain on consumers. The Trading Corporation of Bangladesh (TCB) reports a considerable increase in the price of open flour, which has risen from Tk 30-32 per kg two years ago to Tk 55-60 per kg currently. Not only flour, but the prices of rice, pulses, oil, sugar, ginger, garlic, eggs, fish, beef, and other items have also skyrocketed. Despite slight fluctuations, prices have remained consistently high, making it difficult for buyers to afford even close to previous prices.

Traders attribute the lack of price reduction to factors such as the increasing value of the US dollar, rising production costs, and higher value-added tax (VAT) rebates. This situation has put low-income individuals and families under immense pressure, as wages have not kept up with inflation. The rising prices have forced people to spend more on daily commodities, causing financial difficulties and the need to rely on loans. The situation is particularly challenging for those with lower incomes who are struggling to make ends meet. The increase in prices is also affecting the prices of vegetables like onion, garlic, ginger, and dry chili. The rising cost of living is a pressing concern for many, with no signs of price reductions in sight.

Source for more details:

Related News

Transcom Group Faces Turmoil Amid Tk10,000 Crore Dispute

February 24, 2024

A once-respected conglomerate, Transcom Group, faces internal turmoil after the passing of founder Latifur Rahman. Second-generation heirs, in a dispute over wealth distribution, accuse the current chairman and CEO of fraud and breach of trust, allegedly depriving them of their rightful share of the Tk10,000 crore family wealth.

Govt Reverses 14% Sugar Price Hike Decision

February 24, 2024

The Ministry of Industries initially decided to raise state-run sugar mill prices, but later reversed the decision due to public concern. The Bangladesh Sugar and Food Industries Corporation (BSFIC) had increased retail sugar prices by 14%, reaching Tk 160 per kilogram, prompting the government's reconsideration.

50 Tonnes of Coconuts Imported from India for the First Time

February 24, 2024

Bangladesh imported 50 tonnes of coconuts from India for the first time via the Hili land port in Dinajpur. The consignment, originating from Tamil Nadu, arrived in two trucks, marking a significant event in local trade. The imported coconuts, priced at $250 per tonne, were brought in by local business organization "M/S Nasat Traders" to meet high demand in the domestic market.

50,000 Tonnes of Onions Will be Exported from India

February 24, 2024

India has lifted its ban on onion exports, allowing the immediate export of specific quantities to various countries. A total of 50,000 tonnes will be exported to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes to Bahrain, and 560 tonnes to Bhutan. This decision, effective until March 31, follows a recommendation from the External Affairs Ministry.

BSEC Appoints Directors to Meghna Pet Industries

February 22, 2024

The Bangladesh Securities and Exchange Commission (BSEC) appointed four independent directors to Meghna Pet Industries Limited, which has been closed for years, to safeguard investor interests. The appointments comply with a directive requiring sponsor-directors to jointly hold 30% shareholding.

Lily Launches Paraben Free Shampoo

February 22, 2024

A personal care brand, Lily, launches paraben-free products: Lily Soothing Gel and Lily SilkCore Shampoo variants to mitigate health risks. Manufactured by Remark LLC's affiliate in the USA, these products undergo dermatological tests and are free from parabens, lead, benzophene, arsenic, cadmium, and mercury.

Related News

Transcom Group Faces Turmoil Amid Tk10,000 Crore Dispute

February 24, 2024

A once-respected conglomerate, Transcom Group, faces internal turmoil after the passing of founder Latifur Rahman. Second-generation heirs, in a dispute over wealth distribution, accuse the current chairman and CEO of fraud and breach of trust, allegedly depriving them of their rightful share of the Tk10,000 crore family wealth.

Govt Reverses 14% Sugar Price Hike Decision

February 24, 2024

The Ministry of Industries initially decided to raise state-run sugar mill prices, but later reversed the decision due to public concern. The Bangladesh Sugar and Food Industries Corporation (BSFIC) had increased retail sugar prices by 14%, reaching Tk 160 per kilogram, prompting the government's reconsideration.

50 Tonnes of Coconuts Imported from India for the First Time

February 24, 2024

Bangladesh imported 50 tonnes of coconuts from India for the first time via the Hili land port in Dinajpur. The consignment, originating from Tamil Nadu, arrived in two trucks, marking a significant event in local trade. The imported coconuts, priced at $250 per tonne, were brought in by local business organization "M/S Nasat Traders" to meet high demand in the domestic market.

50,000 Tonnes of Onions Will be Exported from India

February 24, 2024

India has lifted its ban on onion exports, allowing the immediate export of specific quantities to various countries. A total of 50,000 tonnes will be exported to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes to Bahrain, and 560 tonnes to Bhutan. This decision, effective until March 31, follows a recommendation from the External Affairs Ministry.

BSEC Appoints Directors to Meghna Pet Industries

February 22, 2024

The Bangladesh Securities and Exchange Commission (BSEC) appointed four independent directors to Meghna Pet Industries Limited, which has been closed for years, to safeguard investor interests. The appointments comply with a directive requiring sponsor-directors to jointly hold 30% shareholding.

Lily Launches Paraben Free Shampoo

February 22, 2024

A personal care brand, Lily, launches paraben-free products: Lily Soothing Gel and Lily SilkCore Shampoo variants to mitigate health risks. Manufactured by Remark LLC's affiliate in the USA, these products undergo dermatological tests and are free from parabens, lead, benzophene, arsenic, cadmium, and mercury.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here