• Monday, May 10, 2021
  • Last Update : 12:35 am

Market monitoring fails to control prices during Ramadan

  • Published at 09:30 pm April 19th, 2021
Essential commodity kitchen market
Focus Bangla

Commerce Secretary Md Jafar Uddin had assured people on Saturday that during Ramadan, prices will be strictly monitored to keep the market in favour of the people

Despite a monitoring initiative declared just two days ago, no noticeable impact has yet been seen on prices of essential commodities in the capital’s kitchen markets.

Commerce Secretary Md Jafar Uddin had assured people on Saturday that during Ramadan, prices will be strictly monitored to keep the market in favour of the people.

But major kitchen markets in the capital witnessed prices doubling in the first week of Ramadan and lockdown.

Visiting Fakirapool Bazar, Buet Kacha Bazar, Karwan Bazar, Mohakhali Kacha Bazar, and Mohammadpur Krishi Market yesterday, prices of vegetables and commodities were found to have increased.

Tomatoes were being sold at Tk50-60 per kg in the kitchen markets, up from Tk30 last week. Cucumbers were selling at Tk80-100 per kg, up from Tk55-60 last week. 

And two weeks ago, cucumbers were sold at Tk30-35 per kg. Pointed gourds sold for Tk60-70, which were Tk50-60 last week. Besides, long beans, which sold at Tk60-70 per kg last week, sold at Tk70-80 per kg yesterday. 

Beans are being sold at Tk60 per kg, which was between Tk30 and Tk40 earlier. Each piece of pumpkin used to be Tk30 to Tk40 last week, but now they are being sold for Tk60-70. Onions were sold at Tk45 per kg, up from Tk35 last week. 

Delowar Hossain, a buyer at Karwan Bazar, said: “The prices of essential commodities are constantly rising due to the lockdown. There is no monitoring or control. All vegetable prices have gone up.”

Mohammad Amir, a retail vegetable seller at Karwan Bazar, blamed transport restrictions amid the lockdown for the price hike.

Another retail vegetable seller Sajidul Amin said: “We buy all goods from wholesalers with a higher price, so we have to sell those at higher prices too. News of the lockdown extension will push the prices up again.”

Nazrul Islam, a former economics professor at the University of Dhaka, said the number of mobile courts being set up to control the prices of essential commodities needs to be increased and market monitoring needs to be strengthened.

Golam Rahman, president of the Consumers Association of Bangladesh (CAB), said unscrupulous traders always use this holy month to make profits for the entire year. 

“The government has to identify and punish the people behind the abnormal price hikes,” he added. “Market monitoring must be effective and the price of the products must be determined logically.”

53
Facebook 53
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail