Green chilli sees a staggering five times price hike in a couple of days ahead of the holy Ramadan, said buyers and sellers in the local markets.
Prices of other vegetables also rose suddenly.
Now one kg of green chilli is selling between Tk 90 to 100 against only Tk 20 only four days ago, and the trend continues, local vegetable traders said.
"Only four days ago, we sold one kg of green chilli between Tk 15 to 20 in the wholesale market, and the retailers sold it between Tk 20 to 25. Now the price soared as the growers decreased its supply to sell it for high profit during the Ramadan," said Abdul Khaleque, a vegetable trader at Goshala Bazar, a wholesale vegetable market in Lalmonirhat town.
Admitting slowing down of the supply of green chilli, a few growers said they had to sell green chilli below the production cost in the local markets last week.
“We hope to earn profit after recouping losses by selling chilli during the Ramadan,” said Abul Kashem, a farmer at Fulgachh village in Lalmonirhat Sadar upazila.
Talking to this correspondent, Lal Miah, Taleb Miah, Aslam Hossain, Nurnabi Sheikh and several other customers at the vegetable market said they are really frustrated over price hike of green chilli and other vegetables.
The customers blamed traders' syndicate in the vegetable markets for the situation.
Now a kg of brinjal is selling for Tk 50 to 60 against Tk 40 to 45, carrot for Tk 65 to 70 against Tk 40 to 45, beans for Tk 40 to 45 against Tk 20 to 25, patal for Tk 35 to 40 against Tk 25 to 30, potato for Tk 25 to 30 against Tk 10 to 12, papaya for Tk 30 to 35 against Tk 15 to 18, bottle gourd for Tk 45 to 50 against Tk 25 to 30, data shak for Tk 20 to 22 against Tk 8 to 10, lalshak for Tk 25 to 30 against Tk 12 to 15 only two days ago.
Traders, on the other hand, attributed the price rise to low supply and high demand of vegetables in the markets.
The vegetable production in the district is too low to meet the local demand, said vegetable trader Jahangir Alam.