FBCCI calls to keep the Essential commodity market stable during Ramadan

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FBCCI arranged meeting with mill owners, wholesalers, and retailers

FBCCI calls to keep the Essential commodity market stable during Ramadan

Peoples Time Desk

Published : Sunday, 12 February, 2023 at 6:47 PM, Count : 1124

FBCCI calls to keep the Essential commodity market stable during Ramadan

FBCCI, the apex trade organization of Bangladesh has urged retailers and wholesale traders, and mill owners, to pledge about maintaining the normal prices and supply of essential commodities during the upcoming Ramadan. FBCCI made this call during a discussion meeting on the stock, import, supply, and price scenario of daily essential commodities which was held on Sunday (February 12) morning at the FBCCI office.

While presiding over the meeting, FBCCI President Md. Jashim Uddin said, Traders need to be aware that no one can destabilize the market by creating artificial crises. He urged the wholesale market, and retailers to issue invoices in order to keep the price of products stable. FBCCI president said, “business should be done in a systematic way to keep the price stable and normal. The mistrust issue of the common people towards the traders should be solved, he added.

FBCCI already formed a 46-member market monitoring committee to keep the market stable during Ramadan. The members of the committee are monitoring the market. They are collecting and reviewing the market prices of essential commodities, supply situation, production, and international market prices and paying spot visits to the market.

Md. Jashim Uddin thanked the farmers for producing rice, wheat, and other products and keeping the supply chain normal. The FBCCI president also thanked the expatriates who sent remittances from different countries to Bangladesh.

FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, in his welcome speech, said, "While traders from all over the world reduce the prices of products when there is any festival, The traders of our country increase the prices of products." He urged the businessmen to get out of the culture of increasing the prices of goods during the festival.

While speaking as the special guest, the Director General of the Directorate of National Consumer Rights Protection A.H.M. Shafiquzzaman said, "When there is an unstable situation in the market, the traders are generalized as dishonest, which is harmful to the country's economy. We need to get out of this tag." He said that it is necessary to have an invoice of sale to stop the anomaly price hike of the daily necessities.

Mill owners, wholesalers, retailers, and other market associations have assured that there will be no shortage of edible Oil, sugar, pulses, gram, dates, and other products in the market during Ramadan.

FBCCI Vice President Md. Amin Helaly, Md. Habib Ullah Dawn, Chairman of the Trading Corporation of Bangladesh (TCB) Brigadier General Md. Ariful Hassan, Director Mohammad Anwar Sadat Sarker, Rejaul Kariem Renju, CIP, M.G.R. Nasir Majumder, Syed Moazzem Hossain, Mohammed Bazlur Rahman, Tabarakul Tosaddek Hossain Khan Tito, Abu Motaleb, Amzad Hussain, Akkash Mahmood and others were present at the meeting.

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