Price caps fail to curb rising costs of eggs, chicken; vegetable price also high

Highlights:

  • Eggs within the indicate time selling for Tk170 per dozen in Dhaka
  • Broiler rooster for Tk190-200 per kg, up by 10.61% in a month
  • Lengthen in feed prices has ended in rising poultry prices
  • Vegetable prices admire surged Tk10-15 per kg over the last week
  • Heavy rainfall, flood reduced provide of vegetables within the capital
  • Prices of essential food devices, at the side of vegetables, eggs, and chickens, admire drastically elevated in varied markets of the capital over the last week.

    The Division of Agricultural Marketing mounted the prices of eggs, broiler, and Sonali chickens on 15 September to stabilise the market.

    Then again, prices admire persevered to rise, with eggs selling for Tk23-28 extra per dozen and broiler chickens for Tk15-20 extra per kilogram than the official charges.

    The fresh charges space the retail designate of broiler rooster at Tk179.59 per kilogram and Sonali at Tk269.64 per kilogram. The cost of every egg used to be mounted at Tk11.87 share, translating to Tk142.44 per dozen.

    No topic designate caps imposed by the government, market visits to Karwan Bazar, Kalyanpur, and Hatirpool published major deviations from the gap prices for eggs and broiler chickens.

    Eggs are within the indicate time being sold for Tk165-170 per dozen, while broiler rooster is priced between Tk190-200 per kilogram, and golden rooster between Tk280-290 per kilogram.

    Farmers and businessmen attribute the rising prices to fresh rains and floods, which admire damaged vegetation, fish, and poultry farms, decreasing provide.

    Many tiny farmers, fearing further rainfall, admire shunned raising fresh poultry. Additionally, the cost of rooster feed has elevated drastically, further driving up the prices of poultry products.

    Mohammad Abu Bakkar Siddique, an egg seller in Karwan Bazar, mentioned, “We can not aquire at the government-mounted designate. Moreover, we are receiving fewer eggs than we question. If we question for 3,000 eggs on a customary foundation, the wholesaler thoroughly provides us 2,000. For the closing month, I in reality were receiving decrease than my question.”

    Masud Rana, a rooster seller at Allahr Dan Broiler Home in Kalyanpur, mentioned today time (4 October), “The cost of broiler rooster used to be Tk175 per kilogram closing week, and today time it’s Tk190. The rain has reduced the provision of rooster, inflicting the cost to rise.”

    Ibrahim Khalil, a buyer in Karwan Bazar, mentioned, “I used to eat an egg every morning, nevertheless now I eat one every two days. I peaceable assemble certain my youngsters eat one on a customary foundation, nevertheless I in reality admire had to chop aid on rooster purchases too.”

    In step with the Bangladesh Poultry Association, the on a customary foundation nationwide question for eggs is spherical 4 crore devices, while manufacturing is set 4.5 crore devices. No topic this surplus, egg prices continue to rise ensuing from higher manufacturing prices.

    Sumon Hawlader, president of the Poultry Association, mentioned, “Though the nation would now not completely depend on imports for feed manufacturing, the cost of feed has doubled ensuing from claims of buck shortages and the impact of the Ukraine-Russia war.”

    Feed constitutes 75% of the cost of producing eggs and chickens, with corporate farms producing eggs at a payment of Tk8.40 every, when compared to Tk10.29 for tiny farmers. Broiler chickens payment Tk155-170 per kilogram for tiny farmers, while corporate groups manufacture them for Tk120-130.

    Sumon added that if feed prices invent now not drop, many tiny farmers would be compelled to shut down their farms.

    Division of Farm animals Companies mentioned the prices were obvious in preserving with consultations with a Joint Working Team comprising representatives from the department and varied organisations within the poultry sector.

    Whereas the Division of Agricultural Marketing space the prices, it lacks the authority to impose penalties on these now not complying with these charges.

    The department can thoroughly video display the market and lodge complaints with a judicial Justice of the Peace if violations happen. As a result, the company’s pricing pointers are most often now not enforced at the grassroots stage.

    The federal government’s market monitoring is managed by 11 organisations, at the side of the Directorate of Nationwide User Rights Security, the Trading Corporation of Bangladesh, and the Bangladesh Standards and Checking out Institution.

    These organisations seize movement when prices rise, particularly at some level of intervals worship Ramadan, nevertheless their efforts now not most often admire a lengthy-lasting impact within the marketplace.

    In step with TCB estimates, the cost of broiler rooster has elevated by 10.61% in a month, while the cost of eggs has risen by 4.72%.

    Ghulam Rahman, used president of the Shoppers Association of Bangladesh, mentioned, “Striking ahead legislation and issue, normalising the economic system, and controlling the prices of essential commodities need to be the government’s prime priorities.”

    As essential animal protein sources for low-profits households, eggs and broiler chickens are turning into an increasing number of unaffordable.

    Vegetable prices also surge

    Besides to poultry products, vegetable prices admire also surged by Tk10-15 per kilogram within the past week.

    Continuous rainfall has reduced the provision of vegetables in wholesale markets across the capital.

    Mehedi Hasan, a vegetable seller in Karwan Bazar, mentioned, “Fewer vegetable trucks are arriving ensuing from the rain, so with excessive question and low provide, prices admire elevated.”

    Vegetables worship ridge gourd, previously priced at Tk55 per kilogram, are now Tk70, while brinjal has risen from Tk50 to Tk60 per kilogram. The prices of neutral about all vegetables, with the exception of papaya, admire crossed Tk60 per kilogram, with inexperienced chilli selling at Tk320-360 per kilogram.

    Meanwhile, the prices of rice, potatoes, onions, and garlic admire remained excessive.

    Domestic onions are selling for Tk120 per kilogram, potatoes at Tk60, and garlic at Tk230.

    Nazirshail rice prices Tk75-78 per kilogram, while medium-quality BR28 rice is priced at Tk58-60 per kilogram.