Import of green chili from India starts, prices are expected to drop soon

Trucks carrying 104 tons of green chillies arrived Sunday from India via Bangladesh’s land ports of Bhomra and Benapole, which is expected to increase supply and lower prices soon.

According to the Ministry of Agriculture, the import permit was granted for 36,830 tons.

“The import of green chillies started after the Eid-ul-Azha holiday,” said Maqsood Alam Khan, secretary-general of the Bhomra C&F Agents Association.

He said these green chillies will be supplied to Satkhira and Dhaka kitchen markets. However, he did not want to talk about the price of the imported chillies.

Likewise, five trucks imported 34 tons of green chillies via the port of Benapole by 5:00 p.m. Sunday.

According to the Plant Quarantine Division of the Department of Agriculture and the Department of Agriculture Extension, 36,830 tons of green chillies were allowed to be imported through 104 import permits as of Sunday. During this period, 93,036 tons were imported.

Muhammad Liakat Hossain Khan, Deputy Director (Import) of the Plant Quarantine Wing said: “The market will soon come under control once import via land ports is back in full swing after the holidays.”

Concerned ones said imports of this kitchen item will increase from Monday.

In the meantime, the supply of domestic green chillies is also increasing. Farmers put the product on the market to take advantage of the high price.

The price of green chillies at Mahasthangarh market in Bogra has dropped from 500Tk to 250Tk in one day mainly due to increased supply.

The impact of the increased supply is evident in Dhaka’s markets as well. Here the item is sold at 340-360Tk in Dhaka wholesale markets with the price discounted by 40-80Tk. However, the retail price is still significantly higher.

Before Eid, green chilli prices suddenly started to rise across the country. From 140-150Tk prices increased to 600Tk per kg in Dhaka and 700-800Tk outside of Dhaka.

On June 25, the Ministry of Agriculture allowed the import of chillies in order to curb the sharp rise in prices. However, with land ports closed during the Eid holiday, imports also faltered, causing volatility in the market.

Bhomra Deputy Customs Commissioner Niamul Hasan told TBS that a $500 duty is paid for every tonne of green chillies imported.

Importers from Satkhira said each tonne is imported from India at a price of over 150 rupees. Assuming an exchange rate of 109 rupees per dollar, the duty amounts to 54.5 rupees per kg.

According to the Department of Agriculture Extension’s annual report for the 2021-22 fiscal year, green chilli production was 2.98 lakh tons against a target of 3.23 lakh tons. A decline in production is also expected this year.

Both the high temperatures at the beginning of summer this year and the sustained monsoons that started earlier this year could have a significant impact on chili production.

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