Unbridled rise in commodity prices is the most talked about issue in Bangladesh. In such a situation, an emergency inter-ministerial meeting has been started to determine the strategy to increase the supply of daily commodities, prevent the manipulation of hoarders and syndicates and find ways to control commodity prices at the earliest by importing essential commodities.
This emergency inter-ministerial meeting started in the meeting room of the Ministry of Finance on Sunday (January 21) afternoon.
In the meeting, it is said that by analyzing the demand of various products and identifying the shortage and facilitating the import of goods to meet the shortage before Ramadan, it is said.
Food Minister Sadhan Chandra Majumdar, Agriculture Minister Abdus Shahid, Fisheries and Livestock Minister Md. Abdur Rahman, Commerce State Minister Ahsanul Islam Titu, Bangladesh Bank Governor Abdur Rauf Talukder, NBR Chairman and other high level officials of the state.
Sources in the Ministry of Finance have informed that the meeting may take a decision regarding the demand analysis of production and import situation of various products to identify the shortfall and ease the import of products to meet the shortfall before Ramadan. Besides, the announced monetary policy and fiscal policy will be coordinated to determine the way to control inflation.
Apart from this, initiatives will be taken to identify the owners of manipulations who act as obstacles in controlling the prices of rice, flour, oil, sugar, potatoes, onions, beef, eggs and poultry products. At the same time, for the sake of product price control, a decision may be made to establish a strict precedent of the legal system in some cases.
Currently, prices of almost every commodity including rice and pulses are on the rise. As a result, the middle and lower middle and lower classes of the society are in a very bad condition. Therefore, besides keeping the prices of daily commodities under control, strict vigilance is required so that no trader syndicate can increase the prices of commodities by creating artificial crises of commodities.