Spices get dearer on Eid demand

Spices get dearer on Eid demand


The retail price of most of the spices increased on rising demand before Eid-ul-Azha – the second largest festival of the Muslim world.Wholesaler and retailers at different markets in capital city said the price rise would only sustain during the Eid festival when their demand go high.Unlike last year, the price of most consumed spice – onion – however declined during the week ended on Friday.

A kilogram of onion was selling at Taka 25-42, which was not less than Taka 35 a kilogram previous week, according to the market price of Trading Corporation of Bangladesh (TCB).TCB’s latest market data showed that prices of ginger, garlic, cumin, cinnamon and cardamom rose ahead in the market when people were buying the spices most essential for making Eid dishes. Prices of clove and turmeric were static.At Khatunganj, Chittagong, the wholesale price of ginger was Taka 110 per kg and garlic Taka 165 while their prices at the retail market went up to Taka 140 and Taka 170 accordingly. Early this month, the retail price of a kilogram of ginger was Taka 50 to 60 and for garlic was Taka 130 to 140.Regarding sharp price hike of ginger, Faruque Ahmed, a spice importer told BSS that they could not import ginger this year to meet the higher demand for Eid.He said the price of ginger was high in the international market due to lower yield in Indonesia and India.The prices of cinnamon rose up to Taka 350 from last month’s average price of Taka 280. Similarly, prices of cardamom was up at Taka 1600.


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