State-owned Trading Corporation of Bangladesh will start selling sugar from today to the family card holders for Tk 70 a kg, a rise by 16 percent or Tk 10 from the previous price.
State Minister for Industries Kamal Ahmed Majumder yesterday said ministers concerned should quit if they can’t break up syndicates controlling the economy and essentials’ market.
The Cabinet today cleared the draft of "Production, Storage, Transfer, Transportation, Supply, Distribution and Marketing of Food Products (Prevention of Prejudicial Activity) Act, 2023" keeping the provision of maximum lifetime imprisonment in the proposed law
Refiners have called for lower import duties on sugar and sufficient gas supply in factories to keep the commodity’s price normal during the upcoming fasting month of Ramadan.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
The sale of essentials at subsidised prices under the OMS programme has been halted in Lalmonirhat and Kurigram since Thursday, putting several thousand poor families in distress.
There are at least three laws and as many government bodies to protect the consumers from price manipulation, but it goes on unabated due to lax enforcement of the laws and a lack of coordination among the government organisations, say commodity experts.
Taking Tk 300 from her rickshaw-puller husband, Moni Begum went to Mirpur-11 kitchen market in the capital yesterday in the hope of buying some good food for her three children to eat on the first day of Ramadan.
Dhaka North City Corporation (DNCC) Mayor Md Atiqul Islam today said they would monitor the kitchen markets strictly to keep supply of daily essentials and its prices in a stable state during the month of Ramadan.
With Ramadan less than a week away, the high prices of chicken and meat are not likely to come down anytime soon.
Poultry operators say at an international poultry seminar in Dhaka
“Because of the cutting and polishing, rice loses its nutritional value and it is being done by importing machines spending crores of taka. The government will take steps soon to stop it.”
The government yesterday increased the retail price of sugar by Tk 6 a kg citing high import costs due to dollars getting dearer.
Refiners yesterday slashed retail prices of soybean oil by Tk 14 a litre as its prices in the international market dropped and the government kept the reduced Value Added Tax (VAT) on it.
Whenever the price of a commodity increases in the local market, the traders and wholesalers have the readymade excuse of a price hike in the international market. But a recent study by an intelligence agency found their justification to be unsubstantiated.
Bangladesh Competition Commission has filed 44 cases against a host of individuals and organisations, accusing them of creating an artificial crisis that led to abnormal hikes in prices of items like rice, flour, eggs, poultry and toiletries.