8/6/2023 0 Comments Cardinal chains level 50![]() ![]() According to Saiful Alam, many cold-storage owners have already instructed traders to accept the price hike or remove their potatoes. "I have already lifted and released 500 sacks into the market."Initially, the fare per sack was fixed at Tk 300 (USD 2.77), but now the owner is requesting an increase in charges due to load shedding, which has caused a surge in their operating costs. Saiful Alam, a farmer-cum-trader based in Nilphamari, said that he stored 2500 sacks of potatoes (50 kilograms per sack) at Sajeda Cold Storage in Saidpur. He expressed concerns that prices might continue to rise as cold-storage operators raise fees to preserve potatoes. Morshed Ali, a potato and vegetable trader at Rayerbazar-Beribadh, told the FE that the price per sack of cardinal variety soared to Tk 27-28 (USD 0.25-0.26) per kilogram at the cold-storage level, excluding transport costs. Similarly, the carrage variety witnessed a Tk 7.0-8.0 (USD 0.06-0.07) per kilogram hike, being sold at Tk 48-50 (USD 0.44-0.46) per kilogram at the Sadeq Khan Agricultural Market in Beribadh. Juel Rana, a grocer based in West Dhanmondi, said that the wholesale price of the cardinal variety rose to Tk 34-35 (USD 0.34-0.35) per kilogram on Friday morning, compared to Tk 28-30 (USD 0.26-0.28) per kilogram a few days ago. This marks an additional Tk 5.0-10(USD 0.04-0.09) increase per kilogram in just one week. In the city, stored cardinal and granola potato varieties were sold at Tk 40-Tk 45 (USD 0.37-0.42) per kilogram, while the 'red carrage' variety fetched Tk 60-Tk 65 (USD 0.55-0.60) per kilogram. However, rice, fish, beef, mutton and chicken maintained their previous high prices. In addition, several vegetable prices have seen an increase, while eggs and onions witnessed a slight decline on Friday in the capital, according to trading sources. ![]() Potato prices have experienced significant increases, and traders are concerned that rates could rise further due to the heightened storage costs. Frequent power outages in Bangladesh are driving up the costs of potato storage, ultimately burdening people already struggling with escalating prices of essential food items. ![]()
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