Staff Reporter :
The Commerce Ministry has asked shop owners to display price list of commodities and provide supply receipt to customers during purchasing.
The ministry took the decision on Thursday in a bid to check price hike of essential commodities in Ramzan. It will also strongly monitor the markets across the country.
“Displaying price list on the board at shops and supermarkets will be made compulsory to check price hike of essentials in Ramadan. Besides, there will also be strong monitoring across the country,” said Additional Commerce Secretary (In-Charge) ATM Murtuza Reza Chowdhury yesterday.
He said the ministry would soon start visiting the wholesale markets in a bid to keep the prices of essential commodities stable. The traders have to sell commodities as per the ministry’s directive prices, he added.
Earlier, the Commerce Ministry sat with the importers and whole sellers to discuss the stock and supply position of commodities, mostly wanted in Ramzan. The traders had assured the ministry that the stock and supply of popular essential items for Ramzan was enough. They also committed not to increase price in Ramzan, Reza Chowdhury said.
The government allows retailers to make 10 per cent profit over and above the listed prices of commodities during Ramzan. The traders also
promised not to profit more than 10 per cent with to view to keeping the prices of essentials within the reach of the common people.
The official said the government will monitor the market to keep particularly the prices of lentil, chick peas, onion, garlic, ginger, dried chilli, turmeric, spices and date stable.
He said the importers could make one per cent profit on the wholesale prices after meeting their import costs.
“Wholesale traders can make one percent profit after meeting their transportation and other costs. Expenses of retailers are higher as they sell products to the consumers directly. So, they are allowed to make profit up to 10 percent.”
Additional Commerce Secretary (import) Dr. Ruhul Amin, TCB Chairman Brigadier General Sawar Jahan, DG of National Consumers Rights Directorate Md Abul Hossain Mia, business leaders and representatives from Bangladesh Bank, Tariff Commission, Intelligent Agencies, among others, were also present.
The Bangladesh Standards and Testing Institution (BSTI), the state-run watchdog agency to monitor the quality of food and manufactured items, will also monitor the markets across the country during Ramzan.
The Commerce Ministry has asked shop owners to display price list of commodities and provide supply receipt to customers during purchasing.
The ministry took the decision on Thursday in a bid to check price hike of essential commodities in Ramzan. It will also strongly monitor the markets across the country.
“Displaying price list on the board at shops and supermarkets will be made compulsory to check price hike of essentials in Ramadan. Besides, there will also be strong monitoring across the country,” said Additional Commerce Secretary (In-Charge) ATM Murtuza Reza Chowdhury yesterday.
He said the ministry would soon start visiting the wholesale markets in a bid to keep the prices of essential commodities stable. The traders have to sell commodities as per the ministry’s directive prices, he added.
Earlier, the Commerce Ministry sat with the importers and whole sellers to discuss the stock and supply position of commodities, mostly wanted in Ramzan. The traders had assured the ministry that the stock and supply of popular essential items for Ramzan was enough. They also committed not to increase price in Ramzan, Reza Chowdhury said.
The government allows retailers to make 10 per cent profit over and above the listed prices of commodities during Ramzan. The traders also
promised not to profit more than 10 per cent with to view to keeping the prices of essentials within the reach of the common people.
The official said the government will monitor the market to keep particularly the prices of lentil, chick peas, onion, garlic, ginger, dried chilli, turmeric, spices and date stable.
He said the importers could make one per cent profit on the wholesale prices after meeting their import costs.
“Wholesale traders can make one percent profit after meeting their transportation and other costs. Expenses of retailers are higher as they sell products to the consumers directly. So, they are allowed to make profit up to 10 percent.”
Additional Commerce Secretary (import) Dr. Ruhul Amin, TCB Chairman Brigadier General Sawar Jahan, DG of National Consumers Rights Directorate Md Abul Hossain Mia, business leaders and representatives from Bangladesh Bank, Tariff Commission, Intelligent Agencies, among others, were also present.
The Bangladesh Standards and Testing Institution (BSTI), the state-run watchdog agency to monitor the quality of food and manufactured items, will also monitor the markets across the country during Ramzan.
