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Dhaka International Trade Fair

Participants fear sales drop on high prices of products

Star Business Report
Participating companies in the Dhaka International Trade Fair (DITF) fear their sales will drop this year due to high prices of products following price hikes in raw materials.
"We have to import raw materials at higher costs, contributing to rise in our product prices," said Dulal Kumar Roy, sales manager of Akhtar Furnishers Ltd.
"However, we have tried to offset the price hike. We hope our products will not go beyond the purchasing capacity of people," he further said
"High prices of goods may cast a negative impact on the sales this year," said an official of Peoples Ceramic Industries Ltd.
Visitors also complained about high prices of products in the annual fair this year. "Last year I bought a handloom-made saree at
Tk 450 from the fair, but this year I found the price is more than Tk 600," said Sanjida Akhter, a nongovernment college teacher.
Some visitors also said prices of all the products at the DITF are higher than those outside the fair
The participating companies meanwhile said they are not much concerned over sales at the show since their main objective is to publicise the products
The officials of some participating companies said price hike of locally made raw materials and high costs of transportation are also behind the soaring prices of consumer products
'The average price of our products has gone up by at least 10 percent compared to the price a year ago,' said a sales person of Asif Trading, which displays showpieces and plastic goods.
The fair will remain open from 10am to 9pm on working days and
from 10am to 10pm on holidays. Entry fee has been fixed at Tk 10 for each adult and Tk 5 for children.
On the eve of the fair, organisers expected that the participating companies would get Tk 50 crore worth spot orders from the show for local and foreign traders, with a further Tk 500 crore being generated in follow-up business Last year local exporters received only Tk 25 crore spot orders.
DITF is a yearly programme of Bangladesh government, which mainly aims to showcase local products to foreign buyers. Commerce ministry and Export Promotion Bureau (EPB) are jointly organising the fair at Sher-e - Bangla Nagar.
This year a total of 395 firms, including 15 from seven countries, are taking part in the fair.
The foreign participants include firms from India, Pakistan, Singapore, Thailand, USA, UK. Japan andTurkey.