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The country's spice traders will reduce prices of different spices by 10-25 percentage points from the current prices in the market, according to a press statement of the commerce ministry.
The decision came after a review meeting on prices, supply and stock of the flavouring spices held at the commerce ministry with Commerce Minister Tipu Munshi and commerce secretary Dr. Jafar Uddin. Six representatives of Bangladesh Spices Traders' Association attended the meeting on Wednesday.
After the discussion, the Bangladesh Spices Traders' Association, a platform of spice wholesalers, declared a price list of various spices.
Md Enayetullah, president, and Md. Atiqul Islam, general secretary of Bangladesh Spices Traders' Association signed the price list.
Cumin (India) will be sold at Tk 300-340 per kg while cinnamon (China) at Tk 310-330 per kg, cinnamon (Vietnam) Tk 350-360 per kg, clove Tk 60-620 per kg, cardamom Tk 2700-3200 per kg, black pepper (white) Tk 550-560 and black pepper (black) Tk 360-360, according to the list.
Earlier in the meeting, international and local prices of different spices were reviewed with additional secretary of the ministry Md. Obaidul Azam in the chair. The traders agreed to keep the prices of various spices stable ahead of the Eid festival.
Currently, the prices of different spices have shot up in the market. The spices are widely used in delicacies prepared on various occasions.
Senior officials of the commerce ministry were, among others, present in the meeting.