TCB hikes prices of sugar, pulse

Business Desk :
The Trading Corporation of Bangladesh (TCB) has hiked the price of daily essentials sold at subsidised rates by Tk 5 due to an increase in prices of the commodities, putting more pressure on the country’s low-income groups.
As such, the price of sugar has gone up to Tk 60 per kilogramme (kg) while pulses will now cost Tk 70 per kg starting on Wednesday, according to a press release from the TCB.
However, the price of edible oil has been kept unchanged at Tk 110 per litre.
The TCB sells these goods at subsidised rates to around 1 crore beneficiary cardholders in all metropolitan cities and other areas of the country in order to keep prices within the reach of low-income people.
The sales activities are conducted from designated shops and other establishments with the overall cooperation of city corporations as well as district and upazila administrations on a scheduled routine.
Professor Selim Raihan, an economist and executive director of the South Asian Network on Economic Modeling, termed the price hike as an act of “inconstancy” considering the current situation.