Sharp Rise in Spice Price
Saturday, 13 November 2010

Prices of spices have gone up ahead of the Eid-ul-Azha festival.

Spices like cardamom, mace and cumin have become particularly dearer, selling at 100 to 1000 a kg in the last 15 days.

According to Dulal Mia, a spice vendor in Keraniganj, 100gm cardamom is selling at Tk 150 which sold at Tk 125 two weeks ago, 100gm cumin at Tk 50 which was Tk 35 and 100gm mace at Tk 250, which was Tk 150.

Mohammad Habibur Rahman, a spice retailer of Kamrangirchar area, told "I've bought cardamom at the rate of Tk 2,500 to Tk 2,600 a kg from the capital's Moulvibazar, added to this the transport cost, I will have to sell this at least at Tk 3,000 if I am to make a profit," he added.

Mohammad Khorshed Alam, a customer from the capital's Posta area, claimed the prices given by the retailers were not accurate.

"Prices of spices were high even two weeks ago; it has just increased further." he said.

According to Alam, prices of 100gm cardamom was Tk 340 two weeks ago, which now sells at Tk 400 at least, 100gm mace Tk 200 which has become Tk 300, 100gm cumin was Tk 40 which is now Tk 60.

Mohammad Atiqur Rahman, a school teacher in Keraniganj, told "The prices of spices are very high. We cannot help but buy a small amount of those."

A housewife of the same area Parveen Akter said, "How will we cook the meats if one kg cardamom costs Tk 3,000?"

On the other hand, wholesalers of Moulvibazar claimed that the spice prices have been on the rise for the last five months.

They blamed the retailers for the current price hike.

Moulvibazar Traders' Association president Mohammad Enayetullah told "Prices increased when the government raised the duty on imported spices from $1,800 to $3,000 per ton five months ago."

He added that the prices would increase further as Tk 52,000 more would need to be paid as duty for one ton of imported spice.


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