Take action against the trade syndicates
There are a number of trade syndicates that operate in our country. They try to control the supply of each product in the market for their own benefit. When these traders intentionally reduce supply, product prices tend to go up exorbitantly, causing all sorts of suffering for ordinary people.
One recent example of this has been the sudden rise in the price of onions. People bought one kg of onion for Tk 100-120 in the last few days—whereas the price previous to that was Tk 60-80 per kg.
Such ridiculous price hikes have become common in our country. Thus, if we want to eradicate this problem once and for all, there are certain steps that need to be taken.
Monopolisation of various sectors must be done away with. The monopolies that control prices must be broken down. And dependency on India, or any other neighbouring country for that matter, must be reduced.
I urge the respective ministry to take stern action against those illegal traders who are responsible for this recent price hike. Moreover, the government should take appropriate measures to control product prices and ensure people are not exposed to such suffering in future. It is about time something was done to permanently solve this recurring problem.
Akib Sumon,
Bangladesh Agricultural University
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