The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeCarney Highlights Canada's Investment Appeal Amidst Rising US Trade TensionsFormer Google Engineer Warns of Uncontrollable AI with Potential to 'Kill Us All'Matt Renshaw's Maiden ODI Century Powers Australia to Victory Over ZimbabweMinister Mintoo Urges Collective Action to Combat Social Decay and CorruptionMinister Kaikobad Calls for Hassle-Free 2027 Hajj Operations in BangladeshInaugural Standing Committee Meeting on Information Ministry Focuses on Accountability and TransparencyTaskin Ahmed and Ebadot Hossain Inspire Fast Bowlers at Nationwide Talent Hunt LaunchFlick endorses 'self-confident' Yamal's bid for Ballon d'OrEnhanced Gas Supply Boosts Optimism Among Bangladesh Industrial BusinessesPresident Alamgir Urges Increased Investment in Sylhet’s Tourism and Tea IndustriesRobi and BCB Initiate Nationwide Search for Promising Fast Bowlers and SpinnersSaudi Crown Prince Mohammed bin Salman Meets Egypt's Sisi Amid Rising Houthi ThreatBangladesh's RMG Exports to US Increase by 11.42% in July-AugustMoody's Upgrades Bangladesh's Sovereign Outlook to Stable Amid Improved External PositionDhaka Stock Exchange Sees Rebound from Bargain Hunting and Improved Investor Confidence

Bangladesh Imports Green Chilies from India to Address Price Surge

To counter the recent surge in domestic prices, Bangladesh has imported 90 metric tons of green chilies from India, with more shipments expected.

By Staff Correspondent
Share
90 metric tons of green chilies imported from India | Business
BSS

In a bid to ease the recent surge in domestic prices, Bangladesh has imported at least 90 metric tons of green chilies from India through the Bhomra Land Port in Satkhira. This marks the first shipment aimed at stabilizing the supply and reducing prices in local markets.

By 6:00 PM on Monday, a total of 10 trucks, each carrying between 9 and 10 metric tons of green chilies, had entered the country through the port. Traders are hopeful that continued imports will help stabilize supplies and bring down prices in local markets.

The government approved the import of green chilies from India on August 2 to ensure a steady supply in the domestic market. The government also decided to reduce the existing customs duties and taxes on the imports, according to sources at the Ministry of Commerce.

Retail traders in Satkhira reported that green chilies were selling at Taka 50 to Taka 60 per kilogram just two weeks ago. However, prices rose sharply in several phases, reaching Taka 250 to Taka 300 or more per kilogram, placing a significant burden on consumers.

Rajab Ali, General Secretary of the Satkhira Raw and Perishable Goods Traders' Association, attributed the price hike to prolonged rainfall that had submerged chili fields in Satkhira and neighboring districts, causing extensive crop damage. Production of other vegetables has also declined, contributing to the sharp rise in prices.

Abu Musa, General Secretary of the Bhomra C&F Agents Association, confirmed that the first consignment of 10 truckloads arrived on Monday, with larger shipments expected on Tuesday. If imports continue on a regular basis, market supply is expected to increase, and prices are likely to return to normal levels.

Source: BSS

FAQ

Why did Bangladesh import green chilies from India?
To stabilize the supply and reduce prices in local markets due to a recent surge in domestic prices.
What was the price of green chilies before the import?
Green chilies were selling at Taka 50 to Taka 60 per kilogram.
What is the expected impact of the import on prices?
Traders expect prices to start declining from today as imports from India continue.

Topics

Comments

Related stories

More in business

See all →

Latest stories