State Minister for Textiles and Jute Md. Shariful Alam today informed the parliament that the government has taken effective measures to keep the prices of essential commodities at a tolerable level. Responding on behalf of Commerce Minister Khandakar Abdul Muktadir, Alam highlighted several strategies employed by the government to ensure the affordability of key essentials such as edible oil, sugar, pulses, onions, flour, and rice.
Facilitating Imports and Rationalizing Duties
Alam stated that the government has facilitated imports and rationalized duties and taxes to ensure an adequate supply of essential commodities. By exploring alternative sourcing, the government aims to maintain a stable supply chain and prevent shortages.
Regular Monitoring and Review Meetings
The government is regularly monitoring the production, import, stock, supply, and prices of essential commodities across the country. Alam noted that regular review meetings are held with relevant ministries, divisions, agencies, and business representatives to assess the market situation and take necessary measures.
Market Inspections and Legal Actions
The Directorate of National Consumer Rights Protection is conducting regular market inspections and drives to prevent artificial shortages, hoarding, unjustified price hikes, and other unfair trade practices. Legal action is being taken against those found violating the law.
Subsidized Sales by TCB
Alam also mentioned that the Trading Corporation of Bangladesh (TCB) continues to sell essential commodities at subsidized prices for low-income and lower-middle-income people. This initiative aims to provide relief to vulnerable segments of the population.
Coordination with Stakeholders
The government is working in coordination with all stakeholders to maintain a competitive market environment and ensure an efficient supply chain. Alam assured that the market situation is being closely monitored, and prompt policy decisions are being taken whenever necessary to protect consumers from the adverse effects of price increases.
