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Bangladesh: Local fruits are getting expensive as imports drop

Prices of locally produced Bangladesh fruits saw a sharp hike as the demand for imported fruits declined. This was caused by further imposition of regulatory duty, depreciation of the Taka against the dollar, and a 100% cash margin on letter of credit (LC) opening which led to hike in price by at least 30-40%.

People are switching to locally produced fruits like mango, banana, pineapple, papaya, guava and green coconut, which led to the increase in prices, market insiders said.

According to the information from major fruit markets of the capital, locally produced mango was selling for Tk120-130 per kg, bari-4 mango for Tk220, locally produced green malta for Tk120-150 and guava (both Barishal and Rajshahi varieties) were selling for Tk70-100.

Home-grown pineapple was selling for Tk140-180 per pair based on size, green coconut at Tk120-160 per piece, banana (sagor and sobri) at Tk120-140 per dozen, banana (champa) at Tk80-90 per dozen, bel (wood-apple) at Tk100-140 per pair, and lemon was being sold at Tk60-70 per dozen.

[ Tk 1 = € 0.10 ]


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