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The sudden rise in potato prices due to government intervention has now started to decline. Traders gave various excuses, including low supply, as the reason for the increase in prices for this essential product. The price of this product has dropped from Tk 8 to 10 per kg in the capital’s wholesale market in three days and is now sold at Tk 30 to 35. However, potatoes are sold on the retail market for Rs 44-45. .
Images seen in the capital’s wholesale and retail markets on Thursday (October 22).
Potato traders and market participants say that due to low supply, the price of potatoes suddenly doubled to Rs 60 earlier in the month. Later, the government department in question set a maximum of Rs 30 in the retail market to control the price of potatoes. I couldn’t get it to work. 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. So far, it is selling for Rs 6 to Rs 8 more than the government set price on the retail market.
Wholesale traders say the price of potatoes has dropped from Rs 8-10 per kg in three to four days. Now the offer is good, if it continues the price will go down even more.
Potato wholesaler in the capital market for caravans. Hafiz told Jago News: “Potatoes are sold at 35 Tk / kg on the market today. Also, it sells for Rs 30-34 depending on the standard. Cold warehouses are now releasing potatoes. If the supply in the market has increased since yesterday and continues, the price will fall further.
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. Selected potatoes are sold for Rs 44. Since prices in the wholesale market are falling, prices in the retail market will continue to fall 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.
Previously, on October 8, the Agricultural Marketing Department set the price of potatoes at 23 Tk per kg at the cold storage level, 25 Tk at the wholesale level and 30 Tk at the consumer level. Letters were also sent to the deputy commissioners to confirm this price. But the merchants objected to this price. At one point they stopped selling potatoes.
Taking into account the general situation, the price of potato was re-fixed at 28 Tk per kg at the cold storage level, 30 Tk per kg at the wholesale level and 35 Tk per kg at the retail level.
The Agricultural Marketing Department requests all Deputy Commissioners to take the necessary measures for strict monitoring and surveillance so that cold storage vendors, wholesalers and retailers sell potatoes at fixed prices.
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