The demand for garam masala is higher during slaughter than at any other time of the year.

May 17, 2024 | News | By biddut mia | 0 Comments

The demand for garam masala is higher during slaughter than at any other time of the year.

Cardamom is a spicy spice. The price of basic spices increases by leaps and bounds once Eid arrives. Cardamom imported from India reaches Bangladesh and is sold in bulk at a higher price of thousands of rupees per kg. That’s about double the retail price. us news masters in computer science.

In supermarkets,

the same cardamom is packaged and sold for more than three times its price. According to information on the Spice Board of India website, in early May, cardamom was sold for an average of Rs 1,200 per kg in India. But Bangladeshi traders import and sell this cardamom at a high price. According to calculations, the price of Indian cardamom in Bangladeshi currency is 1,682 taka. The government tax on the import of spices is set at 59 per cent. As a result,

we have to pay Rs 992 for each additional kg.

The price increases by Tk 2,000,674 per kilogram, which may reach a maximum price of Tk 2,000,750, including port charges and transportation costs. In the country’s wholesale spice market, cardamom sells for between Tk 3,600 and Tk 4,000 per kg, which converts to Tk 4,500 in common markets like Segunbajicha or Rampura.

When a consumer buys 25 or 50 grams of cardamom from a neighbourhood store, he has to buy it at a price of about five thousand takas. Because every 50 grams of cardamom is sold at Tk 250 and 25 grams at Tk 125. Even more surprising is the price of packaged cardamom in supermarkets. In, a packaged product called was seen selling at Tk 355 for a 50-gram packet and Tk 698 for a 100-gram packet.

In Satkhira district,

.the price of spices rose to Tk 600 per kg. There is no relief in the food market, and the price of dal masala is also high. Increasing the price of the dollar by 7 rupees “is not positive” Two months ago, the wholesale price of cardamom per kg was Tk 2,000. 2,400 to 800 taka retail. According to information, the price of cardamom in India ranged between Rs 800 and Rs 900.

Meanwhile, the Bangladesh State Trading Corporation reports that the price of this spice has increased by 62 per cent in the country’s market in the last year. According to the company’s market price list, a year ago (last Eid-ul-Azha), the price was between Tk 1,600 and Tk 2,600. If we compare this price with the current market price, the price increase will be four to five times.

Wholesale garam masala traders and importers talk about the reason for the high prices.

“The need for cardamom for Eid al-Adha is about 4,000 tonnes,” Amar Kanti Das, vice-president of the Bangladesh Garam Masala Wholesalers Association and president of the Chittagong Spice Importers Association, told Reuters. “I received information from the Board of Revenue there that 1,765 were needed. Due to this, the price of cardamom has increased, and now, with the shortage of cardamom supplies, some traders are charging higher prices. When asked about the price in India, he said, “There is no price in India now.” Furthermore, the appreciation of the dollar is a big problem. Many couldn’t care. But the import continues.

One importer

who did not want to be identified, said the high prices were mainly due to the issue of letters of credit. Many have lowered the LC. At the same time, the price of the dollar suddenly rose. Now, more than 128 rupees is needed for the dollar to make LC, which has an effect. Again, taking advantage of this opportunity, a class of traders earn higher profits by stocking cardamom from the importer.

Meanwhile, Rubel Hossain, owner of Moulvibazar Rubel Traders in Dhaka, said: “We have to buy and sell at the price the importers tell us.” According to importers, us news masters computer science rankings, they receive between $26,000 and $28,000 per ton of cardamom.

That is, they spend 3 thousand two hundred rupees.

That’s why they charge us a commission. We also sell at a certain profit. The price of imported cardamom is rising in the retail market after changing hands several times. At the same time, there is a big difference in the price of cardamom in the wholesale and retail markets. “For every 20-25 grams of spice sold, there are 1-2 grams more.

Robert Fico, Prime Minister of Slovakia.

A kilo of masala has to be sold in 30-40 doses. That’s why there is a lot of shortage. As such, retail prices are falling further. Regarding the price, A

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