Rising meat prices in Dhaka markets ahead of Ramzan: Further increase due to supply crisis

Rising meat prices in Dhaka markets ahead of Ramzan: Further increase due to supply crisis

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The price of beef suddenly started falling in late 2023, with traders selling at Tk 600 per kilogram. As a group of traders objected to these prices, the government fixed beef prices at 650 taka per kilogram and traders sold beef at 600–650 taka per kilogram until the 12th parliamentary election on 7 January.

According to Monday’s market price report of state-owned Trading Corporation of Bangladesh (TCB), beef was sold at Tk 700-750 per kg and the price increased by Tk 50 per kg. TCB said beef prices also increased this year as it was sold at Tk 700-720 per kg during the same period last year.

Bangladesh Meat Traders Association president Golam Murtaza told Prothom Alo that cattle prices had fallen slightly at the end of last year, so traders reduced beef prices and customers were also buying enthusiastically. He said that currently, farmers are reluctant to release their cattle in expectation of higher prices during Ramadan and Eid-ul-Azha and this affects the price of beef.

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