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Ginger is now sold at a wholesale price of Rs 115 per kg in Khatunganj. Merchants cannot find a buyer at this price. But even a week ago, there was an uproar over ginger. As the price went up, it sold at Rs 220 to Rs 250 per kg. And in the retail market this price rose to Rs 300. Suddenly there were riots in the market behind so many price rises. The magistrates of the district administration had to conduct the operation with the army. The mobile court then set the price at Rs 150 per kg for Chinese ginger and Rs 120 per kg for Myanmar ginger. But the market is selling at Rs 35 less than the fixed price.
The first reason for the reduction in the price of ginger is that due to some improvement in the shipping capacity of the Chittagong port, ginger containers can be quickly removed. The second is that a lot of ginger is imported through the Teknaf land port during the riots. The third reason is that, at the request of an import administration, 61,000 kg of ginger are sold at a very low cost of Rs 135 per kg and the third is the strict campaign of the mobile court.
When asked, Mohammad Idris, secretary-general of the Khatunganj Commodity Traders Association, told Kaler Kanth that the price has not come down alone due to the mobile court operation. The rapid release of ginger containers from the port has had a positive impact on the market. As a result, ginger sells for less than the price paid during the campaign.
He said that during the campaign, there was talk of selling 150 rupees per kg. Now the price has dropped to Rs 115. Sales in the marketplace have dropped so much that we are not matching buyers at this price. And the demand will be how a family needs around a kg of ginger per month.
Yesterday, ginger from two countries was sold in Khatunganj. China’s highest demand for ginger is Rs 115 per kg and a large amount of ginger comes from Myanmar via the Teknaf land port, so it is sold at Rs 110 per kg.
When asked, Nur Hossain, owner of Farhad Trading in Khatunganj, a ginger importer, told Kaler Kanth: “In response to the Prime Minister’s call, I unloaded the container from the ship that afternoon and delivered it to the market in the evening ” I have supplied 61,000 kg of ginger at 135 rupees per kg; Absolutely minimal benefit. If I had this country need, I would have supplied all the other ginger containers to the market.
He advised that if import and supply in the market can be maintained, there is no possibility of price increases. Whenever there is a gap in this supply channel, there is an opportunity to increase the price. Therefore, Bangladesh Bank should take steps to verify the import price of these products on the international market. It asked the government to sell ginger at a loss instead of the price it had bought for four months. As a result, banks are not helping these importers to open new obligations. If this situation continues, the debt opening rate will decrease; The crisis will be created again in the future.
It is worth mentioning that last week, for four days in a row, the mobile district administration court, with the help of the Army-RAB, carried out a strict operation in the Chittagong wholesale market and imposed large fines on the companies that sold with additional earnings. Ginger merchants are called from home and questioned. In this situation, panic spread in the market. Especially real traders are the ones who suffer the most. But without identifying the true reason for the rise in the price of ginger, the founders and many real traders in this sector opined that the market would not be profitable. In this case, the mobile court limited the operation. At the same time, the supply of ginger from the Chittagong port to the market began to increase. Thereafter, market prices began to drop.
Importers say the market should be allowed to move at its own pace. Import situation, the price must be verified before the start of the campaign. And it must be executed accurately without executing a pour operation. Real merchants will not panic. However, merchants will be under supervision. And the market will remain stable.
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