• Tuesday, Oct 27, 2020
  • Last Update : 02:17 am

Tipu Munshi: No need for panic buying

  • Published at 12:43 pm March 18th, 2020
face mask-corona virus
People buy face masks from a street vendor in Dhaka Syed Zakir Hossain/Dhaka Tribune

'The capacity of the TCB will also be strengthened for selling through OMS of key essential items ahead of Ramadan'

Commerce Minister Tipu Munshi yesterday urged people not to go for panic buying of essential goods as there was enough stocks and supply.

“Prices of some essential items have increased at retail markets only due to panic buying. We have 25% to 30% more in stock now compared to the same period last year,” said the minister while speaking at a press conference at the ministry. 

“Therefore, there was nothing to go for panic buying of the commodities due to COVID-19,” he added.

Tipu also called on consumers not to buy essential commodities beyond their regular needs, as there were adequate stocks to meet the demand in the country for the whole year.


File photo of Commerce Minister Tipu Munshi | Mehedi Hasan/Dhaka Tribune

The commerce minister said the capacity of the Trading Corporation of Bangladesh (TCB) would also be strengthened for selling through OMS (open market sale) of key essential items ahead of Ramadan.

He also informed that TCB would introduce OMS from the first week of April ahead of Ramadan.

Tipu said the onion price in the country had come down and there was no reason to panic over its supply and price. 

He mentioned the Directorate of the National Consumer Rights Protection (DNCRP) had already strengthened its market monitoring activities.

Among others, Commerce Secretary Md Jafar Uddin, Additional Secretary Obaidul Azam and DNCRP Bablu Kumar Shah were also present on the occasion.

52
52
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