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Rice, edible oil prices fall in retail markets

BDR starts selling commodities in 100 outlets today.

Staff Correspondent
The last two weeks' trend of falling prices of commodities in wholesale markets in the capital is finally beginning to reflect on their retail prices.
The retail prices of various items including rice, edible oil, pulse, flour and vegetables have been going down over the past couple of days.
In the meantime, the Bangladesh Rifles (BDR) will be selling essential commodities including rice in its 100 outlets in the capital starting today, as a measure to ensure reasonable prices of commodities for the lower-income section of the popu lace ahead of the month of Ramadan.
The retail prices of most varieties of rice are now falling after the
wholesale rice markets witnessed a falling trend in the price of the commodity over the last 10 days.
Different varieties of coarse rice including Irri sold at Tk 32-33 per kg yesterday, against Tk 35 a kg last week
A kg of pijam and BR-28 sold for Tk 36-37 yesterday, as opposed to Tk 37-39 a week ago. Prices of various grades of minikate came down toTk 40-43 a kg fromTk 42-45 the previous week
The retail prices of rice are falling now as the wholesale prices had come down by Tk 2-4 a kg, observed wholesalers hoping that the prices would slide further down within the next week
Edible oil prices fell significantly over the last two weeks with nonbrand oil prices falling byTk8-14 a litre yesterday.
A litre of non-brand soybean oil
was selling for Tk 112-116 yesterday, against Tk 120-122 two weeks ago.
A five-litre container of brand name soybean oil sold for Tk 600-615 at most retail outlets yesterday while the same was sold for Tk 575-5Q0 at retail stores in large markets
The wholesale price of a five-litre can of brand soybean oil was Tk 20-30 lower yesterday compared to that a week ago.
The retail price of palm oil was Tk 90-92 per litre yesterday, down fromTk 102-105 two weeks back. A litre of ’super’ palm was selling at Tk 94-96 yesterday, as opposed to Tk105-110 two weeks back.
The retail prices of different varieties of pulses also came down yesterday - by Tk 2-3 per kg. Pulses of higher grades were selling at Tk 105-108 a kg yesterday while the
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lower grades were selling for Tk 90-100.
The price of flour stood at Tk 36-38 per kg yesterday -- down fromTk 37-40 a week ago.
Almost all vegetable prices have fallen by Tk 5-10 per kg at kitchen markets in the city.
Meanwhile, starting today the BDR will add 35 more outlets to its existing chain of 65 fair-priced retail outlets across the city to sell essential items such as rice and ingredients for iftar. Earlier on June 20, the BDR had suspended selling of rice from the outlets.
Col Mujibul Huq, the Dhaka sector commander of the BDR, told The Daily Star yesterday, "Starting a week before the Ramadan, we will be selling rice at the 100 outlets for Tk 30 a kg everyday except Mondays and each person will be allowed to purchase three kg of rice."
"Aside from selling rice, pulse, potato, edible oil, powder milk, salt, onion, garlic, flour and turmeric powder, we will also sell Ramadan items such as local chickpea, beshan (powdered chickpea] and date," he added.