'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.
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.