JS panel finds profit-mongers creating artificial crisisStaff Correspondent
Prices of edible oils continue to rise as some unscrupulous businessmen have created an artificial shortage in spite of moves by the commerce ministry to reduce the prices of essentials, according to the finding of the parliamentary standing committee on the commerce ministry.
The committee found that the prices of most of the essential commodities were stable during Ramadan.
The committee, in its 37th meeting, discussed the price situation in the wholesale and retail markets and decided to monitor the city’s markets on its own from today.
Committee chairman ABM Abul Kasem said after the meeting that monitoring by various government agencies had kept the prices within the reach of the people and retail sales of essential commodities by the Trading Corporation of Bangladesh on trucks has also helped to stabilise prices.
He said the ministry had assured the committee that there was no chance of instability during Ramadan. ‘Some profit-mongers are trying to create an artificial shortage of edible oils to increase prices, but they won’t be successful,’ he told reporters.
Abul Kasem said there were 2.75 lakh tonnes of edible oils in the TCB’s stock. ‘The demand for edible oil during Ramadan is two lakh tonnes. ‘We have around one lakh tonnes surplus. So all their tricks will go in vain,’ he said.
Committee member Zainal Abedin said that the price situation in this Ramadan was better than at anytime in the past.
He said the committee wants to put the activities of the market monitors online and it will be done soon. Opposition member Rumana Ahmed also attended the meeting.
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