Bangladesh Oil prices up; rice, vegetables slightly down in Dhaka markets
In Dhaka, edible oil prices have risen, with soybean oil at Tk 170–172 per litre and super palm oil at Tk 155–160, while rice and vegetable prices show slight declines. Increased rice imports from India have lowered rates for varieties like Nazirshail, Pajam, and Swarna. Vegetables remain relatively high, and poultry and egg prices are stable.
Edible oil prices have increased in Dhaka’s retail markets, while the prices of rice and vegetables have shown a slight downward trend after months of steady hikes.
Traders attribute the changes to adjustments in supply chains, including increased rice imports from India and reduced supplier commissions on oil.
A visit to several markets in the capital on Friday morning revealed that loose soybean and super palm oil prices have gone up by about Tk 5 per litre over the past three to four days.
Retailers say that although the government recently rejected a proposal to raise soybean oil prices by Tk 10 per litre, suppliers have instead reduced their profit margins to dealers, resulting in a price hike at the retail level.
Currently, loose soybean oil is being sold at Tk 170–172 per litre, up from Tk 169 earlier this week.
Super palm oil is now priced at Tk 155–160 per litre, compared to Tk 150 just days ago.
In contrast, rice prices have begun to decline slightly, thanks to increased imports of various varieties from India.
Traders report that slender varieties like Nazirshail, as well as coarser types such as Pajam and Swarna, are entering the market in large volumes.
Nazirshail rice is now selling for Tk 84–86 per kg, down from the previous rate of Tk 90–92. Coarser varieties like Pajam and Swarna have dropped by Tk 4–5 per kg and are now selling at Tk 56–60.
However, prices for local premium varieties such as Miniket remain unchanged, ranging between Tk 78 and Tk 85 per kg.
Salman Hossain, owner of Sajib Rice Agency at Segunbagicha, said, “A lot of rice is coming in from India, so the prices are falling. But the local Miniket rice is still being sold at the same price. If imports increase further, prices may drop more.”
Vegetable prices have also seen a modest decline but remain relatively high. In Rampura and Khilgaon markets, most vegetables are still selling between Tk 60 and Tk 100 per kg; slightly lower than previous weeks when prices ranged from Tk 80 to Tk 140.
Currently, vegetables such as pointed gourd (potol), okra (dherosh) and ridge gourd (jhinga) are selling for Tk 60–80 per kg.
Bitter gourd (korola), eggplant (begun), yardlong beans (borboti) and snake gourd (chichinga) are priced at Tk 80–100 per kg.
Papaya is available at a relatively lower price of Tk 40 per kg, and potatoes are selling at Tk 30 per kg.
Meanwhile, poultry and egg prices have remained steady. Broiler chicken is priced at Tk 170–180 per kg, while local Sonali chicken is being sold for Tk 300–320 per kg. A dozen farm eggs are available for Tk 135–140.
Though slight price reductions have brought some relief to consumers, traders and buyers alike say that overall market conditions are still far from comfortable, especially for low- and middle-income households.
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Source : Daily Observer
