At present, the prices of almost all types of products in the world market are declining. According to World Bank forecasts, commodity prices will fall to their lowest level in five years in the coming year. As a result of this reduction in international market prices, the cost of imports has also decreased. The lower dollar and lower fuel prices have also reduced freight costs. But the surprising thing is that despite these positive changes, the prices of products in the market are increasing instead of decreasing. As a result, the pockets of traders are heavy in two ways. While traders have enjoyed the benefits of tariffs and a devaluation of the dollar, life has become difficult for consumers.
According to the information obtained from the report published by the World Bank on Tuesday, the prices of all types of products are decreasing in the international market. The price of food products will decrease by another 9 percent during this year. The price of fuel oil will come down to 73 dollars per barrel. Besides, the prices of other products will also decrease. Product prices will continue to decline until 2026. In this, the price of fuel oil will come to the lowest level in the last four years. Due to this, the cost of production along with the cost of transportation will also decrease. Due to these reasons, the price of the product will also decrease.
According to sources, the prices of almost all the consumer goods imported in the country have decreased in the international market. Besides, the price of fuel oil has dropped from 100 dollars to 78 dollars. This has reduced other transportation costs including ship hire. The price of dollar in the country has also decreased. Previously, every dollar in imports had to be bought at a maximum of 132 taka. Now it has reduced to 120 rupees. Due to these reasons the cost of import has decreased. As a result, the price of imported goods is expected to decrease as usual. But the price did not fall. On the contrary, it is increasing.
According to the report, the price of crude soybean oil was $1,005 per ton in December. In August it decreased to 1 thousand 31 dollars, in September it increased slightly to 1 thousand 44 dollars. But overall its price is downward. Compared to December, soybean prices have decreased by 5.52 percent. But even though the price in the international market is falling, its price is rising in the domestic market. Open soybean oil is now selling at Tk 160 per litre. Which was 155 rupees a month ago. Bottled soybeans are selling at Tk 170 per liter. Which was sold for 167 rupees a month ago. Soybean prices have increased in all sectors.
A businessman from Moulvibazar in the capital said that the price of oil in the world market has decreased slightly. But the corporate companies did not reduce the price of oil. On the contrary, it is selling by increasing. They are planning to raise prices further.
According to reports, the price of palm oil has increased slightly. Especially in China, its demand has increased the price. Palm oil price was $816 per ton in December. In July it rose to $896, in August it rose further to $933. It rose further to $983 in September. Compared to December, its price has increased by 20.47 percent.
Meanwhile, the price of palm oil per liter has increased by 5 and a half to 7 percent in the last one month in the country's market. Opened palm oil is being sold at Tk 150 per liter. Which was 142 taka a month ago. Bottled palm oil is being sold at Tk 158 per litre. Which was sold for 150 rupees a month ago. In December, Thailand's coarse rice was $593 per ton. It decreased to $570 in July, further decreased to $566 in August and further decreased to $564 in September. In the nine months from December to September, the price of rice in the international market fell by 5 percent.
Rice in Vietnam was $626 per ton in December. It decreased to 552 dollars in July, 535 dollars in August and 540 dollars in September. Its price has decreased by 13.74 percent during the discussion period.
Part of the demand for rice is imported. Major part is met from domestic production. Still, if its price increases in the international market, it also increases in the domestic market. But if the international market decreases, its price does not decrease in the country. Recently, the price of rice has decreased in the international market, but it has not decreased in the domestic market. On the contrary, it has increased.
Talking to the retailers of the country, it is known that the price of all types of rice has increased within a month. Out of this, Swarna is being sold at Tk 52 to Tk 56 per kg of coarse rice. Which was Rs 50-55 a month ago. Pajam and BR 28 varieties of rice are being sold at Tk 65 per kg. Which was sold for 60 rupees a month ago. Among narrow rice, miniket is being sold at Tk 70 per kg. Which was 64 to 65 taka earlier. During the discussion period, a kg of rice has increased by Tk 4 to Tk 5 on average.
Siddiqur Rahman, the owner of God's Gift Rice Agency in Kawran Bazar, said that the government has reduced the duty on the import of rice. Besides, there is no shortage of rice in the country. But the millers are selling the rice at a higher price by reducing the supply. That is why rice is being sold at higher prices at wholesale and retail levels. If you get rice from the mill at a fair price, the wholesale and retail prices will also come down. According to the report of the World Bank, the price of wheat per ton in the international market was 244 dollars in December. It decreased to $219 in July, $206 in August and slightly increased to $219 in September. The price of wheat decreased by 10.25 percent during the discussion period.
But the price of flour in the country's market has not decreased. Rather increased. Opened flour is now selling at Tk 42 to Tk 45 per kg. A month ago it was 38 to 40 taka per kg. Packaged flour used to be Tk 55 per kg. Now it is selling at 58 taka per kg. The price has increased by Tk 3 to Tk 4 per kg.
The farm's chickens are not imported from abroad. Domestically produced chicken is sold in the market. Chicken meat in the international market decreased from 1.54 dollars per kg to 1.33 dollars in July. It later rose slightly to $1.38 in August. In September, it increased to 1.45 dollars. According to this, chicken meat is currently sold at Tk 174 per kg in the international market. Only chicken meat is sold in the international market. Chicken is processed and sold as packaged meat. It has no disposable parts. But in the country's market, the farm's live chicken is selling at 210 rupees per kg. It has an average of 750 grams remaining after discarding fins and other waste. Its price is Rs. 210. 52 rupees have to be thrown away as waste. According to this, the price of one kg falls to 262 taka.
The price of beef per kg in the international market was 5.37 dollars last December. Now it has increased to 6.30 dollars. The price per kg in local currency is 756 Tk. It is now being sold at 800 taka in the country's market. During the last government period, some traders came to the discussion by selling beef at Tk 650 per kg. Cows are not imported. Some cows come into the country through smuggling. The rest is met with domestically produced cows. Naturally, the question arises why the price of beef will be so high?
Meanwhile, the price of sugar per kg in the international market was 10.54 dollars in December, it decreased to 10.43 dollars in July, 10.41 dollars in August, and slightly increased to 10.45 dollars in September. In local currency, the price of raw sugar fell to Tk 54 per kg. But sugar is being sold at 135 to 140 taka per kg in the country's market. Which was 125 to 130 taka a month ago. There is a duty on the import of sugar, and there is a charge on the import by ship. Besides, there are other costs including port charges. Can the price increase from 81 to 86 taka per kg in the retail market - the question of consumers. Besides, at the retail level, large grain lentils are being sold at Tk 105 to Tk 115 per kg. Which was Rs 105 to Rs 110 a week ago. Medium grain lentils are being sold at Tk 110 to Tk 120 per kg. Which was Rs 110 to Rs 115 a week ago. Majority of pulses are import dependent. However, the price of pulses has decreased slightly in the international market.