Vegetable prices soar as transport costs rise

The price of all vegetables soared up at the retail markets of the city on Friday. Market insiders said increased transportation costs reflected in the price of vegetables at both wholesale and retail markets. They said the cost of transporting vegetables from rural farms to the wholesale markets increased following a rise in price of fuels used by trucks.  The owners of trucks raised the fare for transporting vegetables at their wish after the government had...

Call money rate on the rise again

The inter-bank call money rate rose to 12 percent on Thursday due to liquidity shortage in different banks. The Bangladesh Bank injected Tk 2,068 core in the money market under a repurchase agreement (Repo) on Thursday. BB also provided Tk. 6470.72 crore as liquidity support facility to the primary dealers. The call money rate or the interest rate which a bank charges on other banks for lending money for a short period, ranged between 10 percent and 12 percent on...

Increased trucking cost keeps rice price high

The price of coarse rice has remained unchanged over the past one week, despite an increasing supply of the newly harvested Boro rice, as millers stopped reducing the price any further following a rise in trucking cost caused by the recent fuel price hike. The wholesale price of coarse rice had declined by more than Tk 100 per maund [37.3 kilogram] over the previous two weeks with the newly harvested Boro stocks hitting the market. On Wednesday, BRRI-28 variety...