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After two weeks of unrest, the price of potatoes finally began to fall due to government intervention. Traders gave various excuses, including low supply, as the reason for the increase in the price of this essential product. However, after three days, the price of potatoes in the capital’s wholesale market has dropped from Tk 8 to 10 per kg and is now sold at Tk 30 to 35. However, potatoes are still sold in the market retail between 44 and 45 rupees.
On Thursday (October 22) the capital’s wholesale and retail markets were visited.
Potato traders and market participants say that the price of potatoes suddenly doubled to Tk 80 at the beginning of the month due to low supply. Later, the government department in question set a maximum of Rs 30 in the retail market to control the price of potatoes. However, it could not be effective. Last Tuesday (October 20), the government met again with traders and re-priced potatoes at the retail level. This time the price is set at 35 rupees. Since then, the supply of potatoes in the market has been increasing and prices have also fallen. However, it still sells for Rs 6 to Rs 7 more than the government set price on the retail market.
Wholesalers say that the price of potatoes has dropped from Rs 8 to 10 per kg in 3-4 days. Now the offer is good, if it continues the price will go down even more.
A wholesaler from Karwan Bazar, the capital, said: “Today the best quality potatoes on the market sell for 35 Tk / kg. Also, it sells for Rs 30-34 depending on the standard. The cold rooms are now putting out potatoes. If the supply in the market has increased since yesterday, if it continues, the price will go down even more.
Meanwhile, retailer Mugdar Al Amin said the price of potatoes has dropped. However, as I heard in the media, the price of potatoes will drop to 35 rupees. In reality, the price has not dropped that much.
He said: ‘Today I sell potatoes for 42 rupees. And the selected potatoes are sold for 44 rupees. As prices are falling in the wholesale market, prices in the retail market will drop further in a day or two.
Abul Bashar, a buyer who came to the Mugda raw materials market, said: “Potatoes are eaten every day. Every year around this time the price of potatoes goes up a bit, but never in my life have I seen or heard of Rs 80. Last night I saw on the news that the government has set the maximum retail price of Tk 35 by re-fixing the price of potatoes. But even today I bought a kg of potato on the market for 44 rupees. Traders plunder the profits they want, the victims of which are always the buyers. He has made a million rupee profit selling 60 rupees of potatoes. Nothing happened to Taud.
On Tuesday, the government raised the price of potatoes from Rs 30 per kg to Rs 35 on the retail market. The price was set at an exchange meeting held at the Khamarbari Agricultural Marketing Department on the same day. The meeting was attended by representatives of the Ministry of Commerce, the Bangladesh Trade and Tariff Commission and the National Directorate of Consumer Protection. Also present at the meeting were the Chairman of the Bangladesh Cold Storage Association, Karwan Bazar, and Shyambazar potato wholesalers and stockists.
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