Hilsa costs take off while trade modest

Hilsa has become pricier since fare of the public fish to India initiated a week ago. 

Venders said the costs rose as a result of a drop in supply to the neighborhood market. 

Every kg of the fish is being offered to India at $10 or generally Tk 854, which is significantly not exactly the cost even in the discount markets of Bangladesh. 

At Mohipur Fish Market in Kalapara, Patuakhali, hilsa weighing more than one kg is being sold at around Tk 1,200 and short of what one kg at Tk 650, said merchants of the market. 

Mohipur is a significant wellspring of hilsa in the country. 

Fish dealer Fazlu said the costs have been raised by Tk 4,000-5,000 for each maund (around 40 kg) since the fare began on Wednesday. 

On Thursday, a hilsa weighing 900 gram was sold for Tk 950 at a discount fish market in Barishal, and the ones weighing 1.2 kg for Tk 1200, said Nirab Hossain Tutul, secretary of the Barishal Wholesale Fish Market. 

Starting the previous evening, 488 tons of hilsa was traded to India through Benapole Land Port, said Ashadul Islam, assessor of value control at the Department of Fisheries in Benapole. 

The vast majority of the hilsa sent out to India is over a kg, said a source at the Fisheries office. 

Gotten some information about the lower trade value, Nizamuddain, proprietor of Union Venture Limited, which has been endorsed to offer 40 tons to India, said his firm is purchasing hilsa from remote business sectors where the cost is lower. 

Azizur Rahman, official of Benapole Customs, said, "We are adhering to the trade service's guidance over the cost of the hilsa." 

The trade service on Monday allowed to 52 firms to send out 2,080 tons of hilsa to India. Despite the fact that the choice appeared to influence costs in the nearby market, the public authority on Thursday permitted 11 additional organizations to trade 440 tons to India. 

In 2020, the public authority permitted hilsa fare of 1,475 tons to India during Durga Puja. 

The service request said the fare method ought to be finished by October 3, on the grounds that the National Taskforce Committee on Hilsa Resource Development forced a 22-day prohibition on getting hilsa from October 4. 

(Our Correspondent from Benapole added to the report)