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Essentials’ prices spiralling up

Mobile court to start vigilance

Staff Correspondent
Commerce Minister Faruk Khan yesterday said mobile courts would soon start vigilance to prevent businessmen from selling daily necessities at higher prices than the price mentioned on the hanging price list.
City corporations and the district administrations are also ordered to monitor the market, the minister said emerging from a discussion meeting held at the National Museum.
But he stressed that the government does not want to control the market with the help of Rab, police or any other law enforcing agencies.
1 Ie said, the essential prices would become cheaper when the Trading Corporation of Bangladesh would start its activity in full swing.
Though the essentials’ price is soaring up following the Ramadan, he claimed the prices remain stable.
The minister said only the vegetables’ prices have gone up while edible oil and sugar's price remains stable and within the people's buying capacity.
I le also said the goods go through a number of middlemen before reaching the market from the farmer and so prices rise each time a middleman hands them over to another.
Meanwhile, the prices of Ramadan items like onion, brinjal, chickpea. Khesari Dal, cucumber, many fruits, small fishes and Murihave seen fresh rise.
However, the prices of green chilli, some vegetables decreased from earlier high while prices of edible oil, spices and
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sugar remain stable.
But the prices of imported ! onion saw fresh rise of Tk 2 yesterday selling at Tk 24-26 a | kg. It also recorded a rise of Tk 2 | day before yesterday.
With another jump in price | of Tk 5 on an average, brinjal j was sold at Tk 35-70 a kg at different markets of the capital.
The price of chickpea increased by Tk 2 in the retail markets while the price of | Kheshari Dal saw a rise ofTk 2
Chickpea was sold at Tk 48- | 60 a kg and Khesliari Dal at Tk ! 50-55 akg.
The prices of cucumber I increased by Tk 2-3 a kg yesterday from Tk 25-38 day before.
Traders at the Karwan Bazar vegetable wholesale market said the prices of green chilli and vegetable dropped due to huge supply. Price of green chilli was decreased by Tk 30 per kg on an average.
Wholesalers blamed the I retailers for the price hike saying । the trend of increasing price was due to huge demand ahead of i the Ramadan.
Quazi Faruque, General Secretary of Consumers Association of Bangladesh, said lack of close monitoring is a cause for price hike.
He also said there is a tendency of making excessive profit during the Ramadan as there is no system to punish unscrupulous traders.
Urging the consumers not to buy excessively, the minister said, "Our consumers rush with a trend of panic buying' before the Ramadan helps triggering the price hike. I want to assure them there is adequate supply ofitems."