The continued rise in meals costs in April displays the impact of seasonal components, together with Ramadan and the consequences on lockdowns linked to COVID-19, together with the closure of the border with India, which has slowed down the inflow of imports.
Bangladesh’s client value index hit an all-time excessive of 291.96 factors, the best since July 2011 reflecting the general rise in commodity costs.
The worth of rice has declined barely in most markets and is more likely to stabilize and / or decline additional as provide from the harvest of different forms of rice continues to be obtainable within the markets (together with harvest early Boro rice).
Soybean oil costs are up 6 to eight p.c in all markets from final month and are 30 to 40 p.c increased than the identical month final 12 months. The worth stays excessive partially attributable to increased costs within the worldwide market.
Onion costs declined within the first weeks of April and elevated barely within the second half of April, reflecting the beginning of Ramadan and the lockdown (lockdown interval: April 5-Might 16).
The worth of pink lentils remained steady in most markets, persevering with a pattern seen from March, boosted by satisfactory inventory ranges.
Studies of elevated transaction prices have been reported for autos loaded with items cleared to cross border factors attributable to intense controls and well being necessities launched to adjust to COVID-19 prevention measures.
Regardless of the supply of inventory and the quick replenishment lead time of 1-3 days, the costs of chickpeas, brinjal / eggplant, potato and tomato have elevated attributable to further demand for Ramadan and elevated transportation prices throughout the nation.
Within the camps, key informants reported difficulties in resupplying because the lockdown, in addition to a marginal improve within the costs of main commodities circulating contained in the camps, primarily attributable to rising transport prices.
Studies of elevated meals purchases on credit score and a few gross sales of meals assist have been additionally reported, probably to deal with the money movement shortages of Rohingya households exacerbated by current restrictions.
Though costs are likely to fall after Ramadan, a chronic lockdown might nonetheless push them up. Shut monitoring of market dynamics is really helpful.
Meals insecurity and the vulnerability of poor market-dependent households might improve additional, as a result of cumulative results of the monsoon and lockdowns.