Home
Information of life Auto Insurance Donation and Attorney
Search Here To Find Out Anything Shortcut
Saturday, April 11, 2009
Edible oil prices shoot up
Apr
11
Posted by
pipsmaster
The New Age
The price of edible oil increased sharply in the past week both at wholesale and retail markets again as its supply had declined from the refiners.
Wholesalers predict further increases as refiners’ stocks became vulnerable due to less procurements of crude palm or Soya bean recent weeks.
With sharp increases on prices on the international market, refiners slowed or stopped procurements.
On Friday, a kilo of non-packed Soya bean oil was retailed between Tk 78 and Tk 80, up by Tk 8 over the week.
Up by Tk 6 over the week, ‘super palm,’ the finely refined palm oil, which demand is high in summer than winter, sold between Tk 64 and Tk 66 per kilogram.
At wholesale markets non-packed Soya bean price increased by Tk 200 per maund (37.3 kilograms) in two weeks and sold at Tk 2,280 on Thursday. Soya bean wholesale price was at Tk 2,800 on Tuesday, up Tk 300 in a fortnight.
‘Less imports in the past two months reduced refiners’ stocks so as the deliveries that are pushing prices up,’ said Haji Mohammd Ali Bhuuto, a Maulvibazar trader.
Bhuuto who is also a leader of the Bangladesh Edible Oil Wholesaler Association feared that the prices might go up in the next few days.
Crude palm oil was quoted in Malaysia at $760 on Thursday against $580 in early February, as export stocks in Indonesia and Malaysia become vulnerable.
‘Forward stocks remain poor there while frequent rains effect summer harvests of palm in the world top sources of palm oil,’ Taherul Haque, a leading indenter told New Age.
Haque points out drought reduced production of Soya bean in Latin America and an end-March strike by the Argentine farmers against export tax disrupted imports around the world, also in Bangladesh.
Bangladesh consumes around one lakh tonne of refined palm and Soya bean oil a month, but market sources told New Age all refiners’ stock was for less than a month at end of last week.
Besides Soya Bean, city markets also saw increase on the prices of potato. White potato was retailed between Tk 20 and Tk 22 on Friday, up by Tk 3 in a week and Tk 8 in two weeks. Bad harvests of potato this year is pushing up prices, market sources said.
Declined by Tk 2 over the week, packed coarse flour was retailed between Tk 21 and Tk 23, per kilogram.
Flour price saw another round of decline as wheat prices continued declining due to huge supply from importers, who are also depressing market just after the local wheat harvest end.
Remaining somewhat unchanged in the week, ordinary grade coarse rice retailed between Tk 19 and Tk 22 per kilogram, fine rice between Tk 28 and Tk 36, red lentil Tk 76 and Tk 100 and onions, Tk 18 and Tk 30.
Beef sold at Tk 220 per kilogram, live broiler between Tk 110 and Tk 120 while per dozen of eggs sold between Tk 81 and tk 84.
Vegetables prices remained somewhat unchanged in the week while fish were selling at high prices.
On Friday at Nakhalpara bazar, medium-sized deshi ruhita, sold per kilogram between Tk 180 and Tk 250, shrimps between Tk 300 and Tk 400 while small mola fish sold between Tk 180 and Tk 220.
A small sized hilsha, weighing around 800-gram, sold at Tk 200 at the bazar as its demand remain high among shoppers prepare to taste that on the New Year’s morning on Tuesday.
0 comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
Free Website Hosting
Donation
Attorneys
Online Insurance
Blog Archive
►
2015
(4)
►
November
(4)
►
2012
(3)
►
April
(1)
►
March
(2)
►
2011
(2)
►
April
(2)
►
2010
(19)
►
October
(1)
►
August
(3)
►
June
(1)
►
May
(4)
►
February
(5)
►
January
(5)
▼
2009
(454)
►
December
(23)
►
November
(20)
►
October
(13)
►
September
(3)
►
August
(14)
►
July
(15)
►
June
(15)
►
May
(26)
▼
April
(157)
Microsoft preps Windows 7 release
What should you think during sex?
World's fastest camera
Russia mulls rocket power 'first'
Details About Swine Flu And Its Prevention
US firms in China expect benefits in Beijing stimulus
Swine flu chills world economy
Microsoft Office 2007 Service Pack 2
Doctors welcome malaria microchip
Microsoft suffers first sales dip
Govt takes 5-year plan to revive Rupali Bank
Credit flow to private sector on the decline
Novartis profits slide 14pc
Shine off ceramics exports
Eating fish cuts heart failure risk
SRK defends his Knight Riders!
$181m investment in KEPZ
Britain expects return to growth in 2009
Bank profits to go down in 2009
Why is Deepika up at 6am?
IBBL net profit crosses Tk 2.0b-mark
Tax rebates to be under close scrutiny
Asian stocks slide on bank worries
Bail-out 'risk' for US taxpayers
ACI eyes assembling Panasonic products
Glaxo buys US skincare firm
BEPZA's move shocks investors
New buys boost Bank of America
Prime Bank mutual fund soon
Golden Son under SEC scan
Highlights of the stimulus Of Bangladesh
Interim Bailout Package For Bangladesh
Package to prop up farm, power, exports
Obama says he'll cut wasteful programs
China looks to its own consumers
EPZ venture targets vehicle exports
Energy, power shares claw back ground
Portfolio management limit for banks, NBFIs goes
General insurers post high growth
TOP 5 MULTIMEDIA PHONE FROM CES
Gold remains most secure investment: World Gold Co...
COPY TEXT FROM IMAGE
Vidya rejects romance rumour with Vivek
Experts suggest regulatory reforms for businesses
VW to oust Toyota as market leader
No World Cup for Pakistan
Markets cheer Citigroup earnings
Tax refund: How to spend $2,705
Photoshop Tutorial On Potrait Drawing
Spam 'produces 17m tons of CO2'
Google reports stronger profits
Citi to explore retail banking
Temporary stimulus package Sunday
Weak exports hit China’s growth
Jet restructures to slash costs, 400 jobs may go
Further tax cut on ICT machinery likely
NBFIs now entitled to foreign loans
More 26pc GDP if 100pc electrification
PCBs decide to slash lending, deposit rates
Black Money And Investment
Solar tsunami data will predict Earth havoc
Swiss bank UBS to cut 8,700 jobs
Alcohol flush 'shows cancer risk'
Twitter all clear after worm wave
Goldman Sachs sees strong results
Singapore economy in record fall
US stocks lower on profit taking
Love lessons from pet dog
Top exercises for good sex
Deepika-Kat musical chairs!
Dhaka stocks' turnaround continues
WB suggests caution in bailout request response
Fading Halkhata still aids businesses
Asian markets up on dealers confident
New import policy to focus on financial crisis
ACI approves 20pc convertible zero coupon bonds
DSE seeks tougher rules on mutual funds
Uniliver, StanChart called to offer IPOs
Deep-sea port feasible
Charles Darwin's egg rediscovered
China seeing 'gradual recovery'
Wind-powered craft aims to smash ice speed record
Bond market remains dysfunctional
Banks' income soars
Islamic banks eye western world
China bank loans hit record high in March
Abhishek the 'Genda phool' guy!
John analyses fans
'Tax Freedom Day' arrives Monday
Dhaka preparing its claim on G-20 stimulus package
Wall Street rally lifts Asian Market
Edible oil prices shoot up
DGEN finishes week at 20-month low
Regulation hinders local brands’ global journey
Sex and myth-logy
Bipasha: Realising her 'wet dreams'
Celina, Ameesha talk quantum theory!
Bank credit rises 3% in year-end fortnight
Domestic insurance cos pump Rs 53,000 cr in equity...
US budget deficit nears USD one trillion: Treasury
►
March
(36)
►
February
(16)
►
January
(116)
Information of life Auto Insurance Donation and Attorney
Copyright © 2008
0 comments:
Post a Comment