Edible oil prices may dip soon
The edible oil price may come down soon in the local market as its price in the international market has started to decline, said Commerce Minister Tipu Munshi yesterday.
2 rice wholesalers in Savar fined for charging more than market price
A mobile court in a drive in Savar today (June 2, 2022) fined two rice wholesale shops for charging curtomers more than the market price.
Hiking rice prices: Hoarders of every hue in it
Hoarding by small traders as well as large business groups has been causing rice prices to soar, giving low-income people a hard time.
Curbing price manipulation: Mechanism there for 11 yrs but not in use
More than 11 years ago, the government issued an order for the trade of essential commodities, aimed at controlling their prices and curbing price manipulation by unscrupulous businesses through hoarding and other unfair means.
Now rice prices on the rise
The prices of fine rice have gone up in the capital’s wholesale and retail markets, aggravating the suffering of the people from middle-income families who are already struggling to meet their household expenses due to spiraling prices of essentials, including edible oil and lentil.
Prices of essential commodities: Fresh hike adds to plight of low-income people
Amid the struggle to cope with the record hike in edible oil prices, a fresh surge in prices of other daily essentials has dealt a further blow to those with low incomes.
Edible oil crisis: Drives against hoarders on
The ongoing drive against illegal hoarding of edible oil continued in the country yesterday with another 3,400 litres of oil seized in two districts and hoarders fined Tk1.60 lakh.
Edible oil crisis: Seizures show how hoarding is at play
The seizure of hundreds of thousands of litres of hoarded edible oil in the last one week has proved the claim that unscrupulous traders created the crisis to be able to sell cooking oil at higher prices.
Soybean oil crisis: Govt cracks down on hoarders
An annoyed Shovon Das was walking home with a five-litre bottle of soybean oil from Shaheb Bazar in Rajshahi city yesterday afternoon. He had paid Tk 985 for it even though the government set the price at Tk 760.
Trusting the businesspeople was a mistake
With the government still struggling to bring stability to the volatile edible oil market, Commerce Minister Tipu Munshi yesterday said it was a mistake on his part to trust the businesspeople as they hoarded edible oil and hiked prices abnormally after the Eid-ul-Fitr.