price of each egg at farm level has fallen by between Tk 3 to Tk 3.5 in one month
The government failed to enforce the price cap on onions and potatoes even for a single day since it issued the order about a month ago.
The government has allowed six companies to import six crore pieces of eggs.
Potatoes, eggs and onions are not being sold at the price fixed by the government at the retail level despite government agencies conducting raids.
Prices of onions, potatoes, and eggs continue to remain unstable
The commerce ministry’s price cap on onions, potatoes, and eggs barely made an impact on the runaway prices as shopkeepers in the capital have not complied with the order.
Bangladesh’s egg market used to be largely ruled by thousands of small retailers and wholesalers, but the composition of sellers has been changing for the past several years with the emergence of large corporates and poultry industry giants.
In a highly competitive market like the egg market, one would expect prices to remain stable. They can rise, but over time.