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Coarse rice down, edible oil, flour shoot up PDF Print E-mail
Sunday, 27 January 2008

Staff Correspondent

Prices of edible oil and chicken increased in the past week in city markets, traders said, because of supply shortage on the wholesale markets. Edible oil prices increased sharply after the millers, negotiating with the market monitoring authorities in the early week, had fixed rates higher than the prevailing rates.

The prices of chicken and eggs shot up because of declining supply as many framers reduced or stopped raising chickens for the price hike of poultry feed. Severe outbreak of bird flu in the neighbouring West-Bengal also frightened the farmers, market sources said.

Price oil non-packed soya bean oil increased by at least Tk 2 per kilogram over the week as on Friday the commodity was retailed between Tk 96 and Tk 100. On the wholesale market, non-packed or loose soya bean was traded between Tk 3380 and Tk 3400 per maund on Thursday against around Tk 3320 a week ago.

In the early week, the edible oil millers fixed mill gate rate of loose soya bean at Tk 3400 per maund (37.3 kilogram) for a period of 15 days, suggesting that its wholesale price should be Tk 3420. Millers increased the rates and the wholesale and retail markets responded to it, Maulaviabzar traders said.

The millers fixed mill gate rate of a 5-litre can of soya bean at Tk 494 but different brands of the products remained unchanged at Tk 495 and Tk 500. Price of broiler chicken increased by at least Tk 10 per kilogram as the firm-grown chicken was selling between Tk 85 and Tk 90 in different areas in the city.

'Supply of chicken declined on the wholesale markets following sharply rise in poultry feed prices, discouraging many farmers to raise new stocks,' said chicken traders at Karwanbazar. The prices of the coarse varieties of rice declined by Tk 1 per kilogram while that of the fine varieties remained unchanged at their high rate.

Different verities of coarse rice were selling between Tk 29 and Tk 32 per kilogram on Friday against Tk 30 and Tk 32 in the previous week. Meantime sources at wholesale market said rice prices might take turn in the coming weeks as some importers reduced importing new stocks of rice from Indian because of the presence of law enforcers in the market. Most of the major commodities including vegetables remained stable in the week.

Among major items, onion were selling between Tk 14 to Tk 18 per kilogram, potato Tk 13 and Tk 15, packed coarse flour between Tk 42 and Tk 44, red lentil between Tk 68 and Tk 80, sugar between Tk 30 to Tk 32 beef between Tk 170 and Tk 180 while eggs were selling between Tk 48 to Tk 51 per dozen.

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