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Prices skyrocketing after Ramadan began in Bangladesh
Last Updated(Beijing Time):2006-09-28 13:28
Prices of some essential items have shot up to 100 percent since the beginning of the Muslims fasting month Ramadan and businessmen blame powerful syndicate with influence behind the price hike.


"We cannot say the reason behind the prices. What we are hearing is that a very powerful syndicate with political influenceis doing this. We have nothing to do with it," Abdul Gafur, a wholesaler in the city capital's Karwan Bazar market told Xinhua.


It was witnessed that sugar is selling at a price of 60-63 taka(1 U.S. dollar equals 68 taka) per kg in the capital in comparisonwith 32 taka a year before.


The prices of green chili, aubergine, cucumber, papaya, bitter gourd, pumpkin, long bean, tomato and other vegetables almost doubled.


Mohammad Ibrahim, a retailer on a market at Mirpur residential district in Dhaka, said on Wednesday that aubergine price rose to 40-60 taka per kg from 15-20 taka.


The price of tomato rose from 40-45 taka four days ago on retail markets to 65-70 taka.


Ibrahim said, "The price of vetch increased from 32-34 taka perkg last year to 65-70 taka per kg. I don't know the reason behind,but what we have heard is that most of vetch comes from neighboring India. But this time India has banned selling of vetchto Bangladesh."


Retailers on different markets complained that skyrocketing prices of daily essential items at wholesale markets have forced them to increase the prices.


Bangladeshi government has lowered import tax of many items, but their import will take at least a month and this will not benefit consumers because the prices of many items will drop automatically after the end of Ramadan.


Commerce Ministry sources said 35 mobile courts will be in operation in the capital to keep prices of essentials stable.

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