Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
Refiners are set to raise the price of sugar from February 1, their second hike in three months, as the higher price of unrefined sugar in the global market and depreciation of taka continue to push up their production costs.
The Directorate of National Consumers Right Protection has identified seven reasons behind the price hike and shortage of sugar, including gas crisis, not mentioning price in sales invoices and complications in opening letters of credit.
India’s imposition of 20 percent duty on rice export is unlikely to affect prices of the staple in Bangladesh, according to local traders.
Prime Minister Sheikh Hasina today (September 1, 2022) reiterated her call to the countrymen to put concentration on boosting food production, savings and showing austerity in all stages in the wake of global crisis.
The government yesterday hiked the price of soybean oil for the fourth time this year even though the price of the product in the international market held steady in the past month.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
Refiners are set to raise the price of sugar from February 1, their second hike in three months, as the higher price of unrefined sugar in the global market and depreciation of taka continue to push up their production costs.
Riazul Haque, manager of a wholesale rice shop in the capital’s Mirpur, usually goes to Kachukhet kitchen market with Tk 500 every Friday.
The government will buy 2.75 crore litres of Soybean oil from local suppliers for Tk 184-186 per litre.
Expressing resentment over the hike in rice prices despite high yields of paddy, the parliamentary standing committee on agriculture ministry yesterday asked senior officials of the agriculture ministry to identify and take action against those responsible.
The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.
The sale of essentials at subsidised prices under the OMS programme has been halted in Lalmonirhat and Kurigram since Thursday, putting several thousand poor families in distress.
The Directorate of National Consumers Right Protection has identified seven reasons behind the price hike and shortage of sugar, including gas crisis, not mentioning price in sales invoices and complications in opening letters of credit.
Sugar has become dearer with prices going up by Tk 15 a kg at retail markets as millers cut supplies blaming insufficient gas flow at refineries.
The government yesterday increased the retail price of sugar by Tk 6 a kg citing high import costs due to dollars getting dearer.