In Bangladesh, the Zaidi variety of dates, a popular choice for Iftar, is experiencing a significant price surge post-importation, raising concerns among consumers and industry stakeholders. Imported at Tk 96 per kilogram, the retail price escalates to Tk 300-350, a markup attributed to various factors, including transportation and bank loan interests. An examination of Chattogram customs and market data indicates an irrational price increase from the point of entry to retail distribution.
Shipping costs from Iraq are $800 per tonne, with the National Board of Revenue (NBR) imposing a duty of Tk 130 per kg based on a procurement rate of $2.5 per kg, culminating in an official import cost of Tk 226 per kg. Despite these figures, traders estimate the cost at Tk 240 per kg, factoring in additional expenses. Mohammad Kamal, from the Fresh Fruit Importers Association, highlights the high duty and operational costs for dates compared to other fruits.
Reacting to market disparities, the government set price caps for low-grade and Zaidi dates, yet market prices exceed these regulated rates. Efforts to regulate import duty, including a recent 10% reduction aimed at lowering prices during Ramadan, have yet to yield the expected decrease in retail prices. With 38,205 tonnes of dates imported since the duty adjustment, the Zaidi variety comprises 28% of the total, underscoring its significant presence in the market amidst pricing and regulatory challenges.
[ Tk 100 = €0.86 ]
Source: en.prothomalo.com
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