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Friday, 18 October, 2024

Egg Supply Resumes, but Traders Report Significant Losses

Some traders say they are losing money significantly because they are fined for not selling eggs at government prices
Express Report
  17 Oct 2024, 03:14

After a two-day pause, egg sales resumed at the Tejgaon wholesale market, one of Dhaka's largest, on Tuesday night. The resumption has stabilised supply in local and neighbouring markets, alleviating the shortage, according to bdnews24.com.

On Monday, buyers at Karwan Bazar returned empty-handed as poultry eggs were unavailable, while local shops with stock reportedly sold eggs at higher prices.

A visit to the Tejgaon market on Wednesday afternoon revealed that, much like the previous day, trucks were sent to farms to collect eggs.

However, fewer trucks were dispatched due to reduced demand, leaving much of the parking area empty.

Md Raju, a tea seller next to the parking area for egg trucks, said: "The trucks leave early in the morning and return to the wholesale market around 11pm. They brought in eggs last night, and I’ve heard that 15-20 trucks have gone today as well. There's been a lot of talk about eggs, especially about Tejgaon."

Md Al Amin, proprietor of Al Amin Traders and an executive member of the Tejgaon Egg Association, said: “The trucks go to farms in various districts to collect eggs, and they return to the Tejgaon market around 11pm.”

TRADERS REPORT LOSSES ON EGG SALES

After reopening on Tuesday following a two-day break, traders say they are facing losses due to fines for not selling eggs at government-set prices while buying them at higher rates.

Md Nasir Hossain, owner of Nasir Traders and a member of the Tejgaon Egg Association, said, "We've been selling eggs since last night until early morning. While sales have normalised, we're losing 35 paisa per egg. We're selling each egg at Tk 12.20, but after adding transport costs, each egg costs us Tk 12.55."

"However, consumers have assured us that farm prices will decrease within two days, allowing us to sell at lower prices. We expect that within two days, eggs will be available at the government-set rates in the market."

EGGS RETAIL AT TK 55 FOR FOUR, TK 160 FOR A DOZEN

Abu Bakar Siddique, a retailer at Karwan Bazar, said: "I brought these eggs from the wholesale market this morning. I’m selling them at Tk 160 per dozen and Tk 55 for four. Yesterday, we didn’t have any eggs, and customers left disappointed."

Both white and brown eggs are being sold at the same price in this market.

Another seller, Md Russell, said: "I’m selling white and brown eggs at the same price, Tk 160 per dozen. Wholesale prices show that white eggs are just Tk 10 cheaper per 100 eggs compared to brown eggs, but there's no scope to sell them separately at different prices in retail."

Russell purchased 100 brown eggs for Tk 1,250 and 100 white eggs for Tk 1,240 on Wednesday morning.

However, his pricing did not match that of Tejgaon’s wholesale traders, as he was selling each egg for Tk 13.75, earning a profit of Tk 1.25 per egg.

According to wholesale traders, retail sellers are making a profit of 1.55 paisa per egg.

Mohammad Ariful Islam, a retailer near the Tejgaon wholesale market, was purchasing eggs at Tk 12.50 per egg and selling them at Tk 13.75.

He said, "Sometimes the eggs get damaged, either while transporting or handling them. These broken eggs can't be sold with the good ones, so I have to sell them at a lower price. That’s why we need to increase the price a bit to make a profit."

 

Comments

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Egg Supply Resumes, but Traders Report Significant Losses

Some traders say they are losing money significantly because they are fined for not selling eggs at government prices
Express Report
  17 Oct 2024, 03:14

After a two-day pause, egg sales resumed at the Tejgaon wholesale market, one of Dhaka's largest, on Tuesday night. The resumption has stabilised supply in local and neighbouring markets, alleviating the shortage, according to bdnews24.com.

On Monday, buyers at Karwan Bazar returned empty-handed as poultry eggs were unavailable, while local shops with stock reportedly sold eggs at higher prices.

A visit to the Tejgaon market on Wednesday afternoon revealed that, much like the previous day, trucks were sent to farms to collect eggs.

However, fewer trucks were dispatched due to reduced demand, leaving much of the parking area empty.

Md Raju, a tea seller next to the parking area for egg trucks, said: "The trucks leave early in the morning and return to the wholesale market around 11pm. They brought in eggs last night, and I’ve heard that 15-20 trucks have gone today as well. There's been a lot of talk about eggs, especially about Tejgaon."

Md Al Amin, proprietor of Al Amin Traders and an executive member of the Tejgaon Egg Association, said: “The trucks go to farms in various districts to collect eggs, and they return to the Tejgaon market around 11pm.”

TRADERS REPORT LOSSES ON EGG SALES

After reopening on Tuesday following a two-day break, traders say they are facing losses due to fines for not selling eggs at government-set prices while buying them at higher rates.

Md Nasir Hossain, owner of Nasir Traders and a member of the Tejgaon Egg Association, said, "We've been selling eggs since last night until early morning. While sales have normalised, we're losing 35 paisa per egg. We're selling each egg at Tk 12.20, but after adding transport costs, each egg costs us Tk 12.55."

"However, consumers have assured us that farm prices will decrease within two days, allowing us to sell at lower prices. We expect that within two days, eggs will be available at the government-set rates in the market."

EGGS RETAIL AT TK 55 FOR FOUR, TK 160 FOR A DOZEN

Abu Bakar Siddique, a retailer at Karwan Bazar, said: "I brought these eggs from the wholesale market this morning. I’m selling them at Tk 160 per dozen and Tk 55 for four. Yesterday, we didn’t have any eggs, and customers left disappointed."

Both white and brown eggs are being sold at the same price in this market.

Another seller, Md Russell, said: "I’m selling white and brown eggs at the same price, Tk 160 per dozen. Wholesale prices show that white eggs are just Tk 10 cheaper per 100 eggs compared to brown eggs, but there's no scope to sell them separately at different prices in retail."

Russell purchased 100 brown eggs for Tk 1,250 and 100 white eggs for Tk 1,240 on Wednesday morning.

However, his pricing did not match that of Tejgaon’s wholesale traders, as he was selling each egg for Tk 13.75, earning a profit of Tk 1.25 per egg.

According to wholesale traders, retail sellers are making a profit of 1.55 paisa per egg.

Mohammad Ariful Islam, a retailer near the Tejgaon wholesale market, was purchasing eggs at Tk 12.50 per egg and selling them at Tk 13.75.

He said, "Sometimes the eggs get damaged, either while transporting or handling them. These broken eggs can't be sold with the good ones, so I have to sell them at a lower price. That’s why we need to increase the price a bit to make a profit."

 

Comments

Surge in Gaza violence increases famine risk, monitor says
History education gets a makeover, transformation of teaching approaches on the horizon
Experts cast doubt on quality of 2024 HSC evaluation as boards dub results 'normal'
Growth across Pacific slows as post-pandemic rebound fades, says World Bank
No formal ceremony to mark release of this year's HSC results