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Khatunganj-based Zarifa Enterprise imported 7 containers of ginger from China on Eid-ul-Azha – a time when demand for spices skyrockets yearly – however the dealer may promote solely two containers of ginger earlier than this eid.
The proprietor of the enterprise Zunaidul Haque is now in nice hassle as many of the unsold ginger has perished throughout the closure of the Eid trip.
“We now promote ginger at Tk15-20 per kg, for importing which we’ve got spent Tk65. In consequence, we are actually incurring some Tk67 lakh,” he advised The Enterprise Normal.
“I do not know the way I might recuperate from this loss,” he expressed frustration.
Zunaidul Haque is one among 250 spice merchants within the nation’s largest wholesale hub for important commodities, located within the port metropolis Chattogram. The scenario is sort of the identical for a lot of of them. Other than ginger, they’re additionally dealing with a slight loss in garlic.
Speaking to The Enterprise Normal, insiders there stated they’re incurring unprecedented losses due primarily to a fall in demand for spices in flood-hit Sylhet and the northern area and better import prices of the gadgets than regular.
“The gross sales of spices weren’t regular this yr. The latest devastating floods in a big portion of the nation had a destructive influence on the consumption of the gadgets,” Md Idris Mia, general-secretary of the merchants affiliation of Khatunganj spice hub – Hamidullah Market.
Unhealthy monetary situations of customers and unstable greenback costs additionally contributed to the losses, he believes.
Though the broken ginger bought as little as Tk2-3 per kg, relying on its situation, at completely different retailers of the market on Friday, good high quality ginger bought as much as Tk70 per kg. Many of the merchants have been discovered promoting the merchandise at Tk15-20 per kg.
The worth of garlic was Tk80-83 per kg, a 10-13% down from the typical import prices of Tk95, on the day, in line with the merchants, whereas completely different types of onion have been promoting Tk25-35 per kg.
Onion bought at Tk40-50 per kg earlier than the eid. “The federal government has allowed import of onion from India, which in the end helped lower the value of the important merchandise,” Balay Kumar Poddar, proprietor of Grameen Banijyalay at Khatunganj, advised TBS.
About 50,000 tonnes of various kinds of spices value Tk600-700 crore are often imported on the event of Eid-ul-Azha yearly, in line with Chattogram Port. Bangladesh imports all of the spices besides coriander, its knowledge stated.
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