Ministers and members of parliament of the previous government relentlessly blamed “syndicates” for increasing the prices of chicken, eggs and other foods.
They backtracked from the decision after the government promised to address their 10-point demand
The price of eggs dropped yesterday as the supply increased in the capital’s kitchen markets, with some shops starting to follow government-fixed rates.
The Bangladesh Trade and Tariff Commission (BTTC) has urged the government to significantly reduce tariffs on onions, potatoes, and eggs to bring down prices by boosting the supply of these essential items through imports
price of each egg at farm level has fallen by between Tk 3 to Tk 3.5 in one month
The government failed to enforce the price cap on onions and potatoes even for a single day since it issued the order about a month ago.
The government has allowed six companies to import six crore pieces of eggs.
Potatoes, eggs and onions are not being sold at the price fixed by the government at the retail level despite government agencies conducting raids.
Prices of onions, potatoes, and eggs continue to remain unstable
Bangladesh’s egg market used to be largely ruled by thousands of small retailers and wholesalers, but the composition of sellers has been changing for the past several years with the emergence of large corporates and poultry industry giants.
In a highly competitive market like the egg market, one would expect prices to remain stable. They can rise, but over time.
Will we hear yet another "eggcellent" proposal to import dub in order to force the local market to lower their price?
Here’s a special recipe to work on at home for those who are a big fan of this daily staple food.
The government would import eggs if the price of the low-cost source of protein keeps an upward trend, said Commerce Minister Tipu Munshi.
