Halal Industry

Prices of spices increase in Bangladesh as Eid al Adha approaches

Published 23 Jul,2020 via The Financial Express - Prices of most of spices increased last week as the sacrificial festival Eid-ul-Azha approaches, said market insiders.

However, prices of Hilsa witnessed a slight decline as the two -month long ban on its fishing ended on Thursday.

Hot spices (garam masala) including cinnamon, cardamom, clove, cumin seed, bay leaf, and vegetables like garlic, coriander seed, ginger and turmeric as well of vegetables like onions and red chillies increased 5.0 to 26 per cent in last the week, according to the Trading Corporation of Bangladesh (TCB).

Cinnamon was sold at Tk 480-520 per kg from Tk 380-420 per kg a week back, clove at Tk 800-900 a kg from Tk 700-850 a kg.

Cardamom prices reached Tk 3,500-3,650 a kg at retail which were Tk 2,800-3,200 a kg seven days back.

Onion prices increased by Tk 5.0 a kg while ginger and garlic also witnessed Tk 20-30 a kg hike.

Md Belal Hossain, a grocer at Jafrabad in West Dhanmondi, said traders in Moulovibazar in Old Dhaka have raised prices of all kinds of hot spices following the Eid.

He said cardamom prices were increased by Tk 400-550 a kg just in last two days.

Lokman Hossain, a Karwan Bazar based trader, said supply have crunched from Chattogram.

He said importers were releasing produce in lesser amount after raising prices.

Prices of farm eggs increased to Tk 106-108 a dozen from Tk 100-104.

However, prices of Hilsa, started declining for last two days which traders attributed to the end of the two-month long fishing ban in the bay.

"Traders started releasing their stored river Hilsa as supply of the national fish might increase notably from Friday morning", Ramzan Ali, a fish vendor at Rayer Bazar, said.

He said the price of the fish will also remain lower as the sacrificial festival will be observed during the peak weeks.

Demands for fish usually declines during the Eid-ul-Azha, he said.

Ramzan said they were selling medium to big sized Hilsa at Tk 850-Tk 1,000 a kg which was Tk 1,000-1,200 a kg a week back.

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Eid al Adha 2020