Due to the increased price of the product, the consumer is crying like dumb. Meanwhile, Ramadan is starting next March. And around this month, a class of unscrupulous businessmen have raised their heads. Manipulated Ramadan-based products to make extra profit. The syndicate is increasing the price since 4 months ago. In such a situation, the government is already in a state of disarray. As a result, it has been decided to reduce the strictness of the market control and compromise with the traders. Abundant benefits are also provided.
Recently, a meeting was held at the policy-making level of the government. This information is known from the source of the meeting.
According to sources, this government is an apolitical government. The country is being run by advisers on a small scale. This made the syndicate even more reckless. It is expected that the prices of goods will increase during fasting. Therefore, the government is walking towards a compromise with the traders instead of taking a strict position to reduce the price of products. It has been decided to withdraw some kind of market monitoring by threats and law enforcement forces. A decision has been taken to try to control the market after discussions with several major importers. While doing these three tasks, the policy makers will see whether the prices of the products in the market are at a rational or irrational level. Also analyze whether there is a need to intervene in the market. Even if the situation is not normal, then strict measures will be taken to control the market.
Apart from this, the government is giving various benefits to the traders without going to strictness to make the price of the products bearable. LC is planning to raise margins on product imports. Traders can import goods by taking any amount of loan from the bank. Sufficient dollar supply is also being ensured for this. Moreover, some products have already been given duty reduction and zero duty benefits. Although the cost of import is reduced, the price in the market is not reduced. These benefits given by the government are going into the pockets of businessmen.
Meanwhile, the task force of the Ministry of Commerce along with the Directorate of National Consumer Rights Protection is conducting the operation to restore order in the market. The sale of products at subsidized prices is being conducted through the Trading Corporation of Bangladesh. Agricultural products are being sold at subsidized prices. In spite of this, 4 months before the start of the fast, the price of the products prescribed by the fast has started to increase due to the manipulation of the syndicate. Talking to the sellers of the retail market, it is known that at the retail level, chickpeas are being sold at Tk 130-140 per kg. Which was sold seven days ago for Tk 125-130. The price of this product increased by 5-10 rupees in a week.
Nayabazar grocery seller. Tuhin said, importers and wholesale traders have started syndicates before the fasting period. Although there is no demand for the product now, the price of chickpea has been increased to make extra profit during fasting.
Besides, the prices of all types of edible oil have increased in a span of 7 days. The sellers said that open soybeans are being sold at Tk 165 per liter. Which was 160 taka 7 days ago. Bottled soybean oil is selling at Tk 167-170 per liter. Which was Rs 165-170 a week ago. Besides, two liter bottled soybean oil is being sold at Tk 340. Which was 335 taka 7 days ago. Besides, open palm oil is being sold at Tk 156. Which was 150 rupees a week ago. And Palm Oil Super is being sold at Tk 160 per liter. Which was Rs 154 earlier.
Besides, at the retail level, each liter of bottled rice bran oil is being sold at Tk 200-210. Which was sold at 185-195 per liter a week ago. Also, five liter bottled rice bran oil is being sold at Tk 980-1050. Which was sold at 880-920 taka 7 days ago.
On the other hand, the price of local onion has decreased by 10 taka per kg due to the announcement of duty exemption on import of onion, but it is being sold at 140 taka. Which was Rs 120 a month ago. And two months ago it was sold for 90-100 taka. Although the price of lentil has not increased, it is being sold at Tk 130-140. And sugar is being sold at Tk 130-140 per kg. Shankar Chandra Ghosh, importer and wholesaler of Shyam Bazaar, said that the government has taken the right decision to exempt the import of onions. At this time, desi onions are finished and new onions are coming to the market. At this time, the supply is low, so the price rises. Now the cost of imports will decrease and the supply will increase. Already reduced by Tk 10 per kg. The price will be acceptable to the buyer during fasting.
