State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
2. Detailed Discussion on Commodity Wise
Changes in Prices during the Pandemic Period
□ During the pandemic period, the price of different types of rice has started to rise till March,
2021 and has stabilized at that level afterward.
Meanwhile the price of all varieties of rice has declined during the pre-pandemic period, a
substantial rise in rice prices has taken place during the pandemic period, mainly in case of
medium and coarse rice consumed by low-income households.
□ The retail price of vegetables declined in 2020 against the sharp rise in prices in 2019- mainly
in case of onion (local & imported), garlic (local & imported), and ginger (local & imported).
On the other hand, the retail price of different types of meat experienced a mixed price rise in
2019 compared to that in 2020.
☐ volatility was higher in early phase of pandemic both in wholesale and retail markets,
including for vegetables and spices.
Figure: Scenario of rice and spice price market and overall food price index
Changes in Rice Prices
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
-10.0
-20.0
Changes in Non-Rice Commodity Prices
700.0
■% change in price during 2019
■% change during 2020
600.0
500.0
400.0
300.0
200.0
Rice Aman fine
Rice Aman medium
Rice Aman coarse
Rice boro fine
Rice Aus coarse
Rice boro medium
Rice boro coarse
Rice Aman pajam
Rice boro pajam
Rice OMS course
Aromatic rice Kalojira
Aromatic rice Chinigura
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
Aromatic rice kataribhog
100.0
0.0
-100.0
Onion local
Onion imported
Garlic local
Garlic imported
Chilli dried
Green chilli
Ginger local
Ginger imported
Turmeric round
Turmeric long
Coriander old
Coriander new
21
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