http://www.thedailystar.net/story.php?nid=35833
Daily Star, Dhaka, Bangladesh
Saturday, May 10, 2008 12:54 AM GMT+06:00
Onion prices up, ploy to hike edible oil prices
Staff Correspondent
Prices of local and Indian onion went up in the city's kitchen markets
in the last two days while retailers and edible oil refiners are
making a ploy to hike the edible oil prices.
Meanwhile, the Open Market Sale (OMS) programme of the Food
Directorate ends today in five metropolis and 36 districts across the
country.
Locally-produced onion was sold yesterday at Tk 24-26 per kg while
Indian onion at Tk 18-20.
Traders said the price of local and Indian onion rose by Tk 6 and Tk 3
in the last two weeks.
Abdul Latif Mia, president of Karwan Bazar Arat Malik (wholesalers)
Samity, told The Daily Star that farmers are expecting to sell onion
at a higher price like last year. However, some traders have started
hoarding onion with a hope to make more profit. It has caused the
onion price to go up on the markets, he said.
Retailers across the country continue to sell palm oil at Tk 100 to Tk
105 a litre on the retail markets and Tk 98 to Tk 98.5 on the
wholesale markets though the time of selling palm oil at fixed rate
expires today.
Officials of the Directorate General of Forces Intelligence (DGFI) in
a meeting with edible oil traders in Chittagong on April 29 fixed the
wholesale and retail prices of palm oil at Tk 96 and Tk 93 until May
10.
Soya bean oil was selling at Tk 110 to Tk 115 per kg on retail markets
in the capital yesterday.
Oil traders of Moulvibazar and Karwan Bazar said different brand
companies had reduced the supply of soya bean oil in the last three
days. Quoting some of the distributors, they said the price of branded
soye bean oil will be hiked by Tk 4 to Tk 5 per litre.
Prices of rice varieties remained stable in the wholesale markets in
the last three days. The minimum retail price of rice varieties is
between Tk 33 and Tk 43 per kg.
|
