There is reserves, import increases, fewer risks of price increases

In the international market this year, prices of rosas are less than last year. Traders are importing competition. As a result, the import of groceries, dates, edible oils and sugar in the last March has increased by 276 percent from the 24 percent. In all, it would be good news for the consumers.

Traders say that the price of the products of Rosa is not going to be destabilizing due to high prices in the global market and due to importation.

Fasting may start from May 17, depending on the moon. That is, one and a half months left for Rosa. Until then, every day the vessel and container will be redeemed from the port of Chittagong.

In the case of extensive storage, the sale of these products has started in Khatunganj, a large wholesale market of imported products in Chittagong.

Among the products which are available on a daily basis, these four products are not produced in the country of origin - soybean, palmel, cholas and dates. So, the demand of these products is to be met through imports. Sugar production is 68 to 70 thousand tons annually, much less than the demand. Likewise, the lentil and peas are produced less than demand. That is to import three products. Depending on the quantity of these products, depending on the conditions of the international market and the demand for the stock.

Chittagong Port and customs information has been reviewed, this time the import of all products except motor and lentil pulses has increased from 24 to 276 percent. Although the import of motor and lentil pulses is low, the country is stocked and will soon come to the port in huge quantity.

Asked about the importers, BSM Group chairman Abul Bashar Chowdhury told the first light on Thursday that a large number of peas and lentil pulses remained uncrowned last year due to importation. Motor and lentil pulses of new imports are also coming. As a result, there will be no crisis in Ramadan. He said the price of other products in the international market, except for the peas, is lower than last year. So there is no danger of the price rise.

According to Tariff Commission estimates, the demand for the month to be released in the month of Ramadan is 80 thousand tonnes. However, in the first three months of January-March this year, granulat imported 1 million 6 thousand tons. Only 72 thousand 654 tons of gram flour was imported in the last month. Last year, the international rate was $ 800 per tonne, which is now worth $ 600 to $ 650. Importers said that from Chittagong to Chittagong port, the importers are being brought.

Traders said that the demand for date of Ramadan is 15-16 thousand tonnes in the country. In the last three months it has been imported 34 thousand 668 tons, which is nearly three times more than 12,500 tons of the same time in the year 2017.

It has been learned that since last year, the date business has got good profits, so many of the traders have imported this much. Import of dates from Saudi Arabia, Iran, Iraq, Algeria, Egypt, Tunisia is more. The wholesale market is now selling at the lowest price of Tk 65 to Tk 70. The most expensive is the sale of Mariam dates in Iran.

Faruk Trade International's Faruk Ahmed, importor of Chittagong's Assadganj, said in the first light yesterday, there is a demand for dates all year round. However, the import prices of Ramadan will remain stable even in the month of Ramadan.

Sugar market stability is also expected. Because, as well as government factories, Bangladesh Sugar and Food Corporation Corporation (BSFIC) imported 77,292 tonnes of sugar in the last three months.

Non-governmental organizations refrained from bringing unrefined sugar. The information of the port shows that in the last three months, the raw sugar has been disbursed to 7,72,000 tonnes, which was 5 lakh 76 thousand tonnes at the same time in the year 2017.

Imports of edible oil increased by 24 percent In the first three months of this year, palm and soybeans are imported in edible oil, around 650 million tonnes. In the same period last year imported 521,000 tonnes.

Now the import of paddy by the port of paddy has reduced only the lentil pulses and peas. In the first three months of this year, the lentil pulse has been imported about 60 thousand tonnes, which was 1,70,000 tonnes at the same time last year. In January-March, the motor dal was imported 42 thousand tons, which was about 1,15,000 tons in the same period last year.