News Desk :
The sales of Trading Corporation of Bangladesh (TCB) increased over the last six years, reflecting a rise in demand for essential commodities at subsidized prices.
The volatility of essential commodity prices and weakness in market monitoring made the TCB an invaluable option for low-income families.
The state-owned corporation’s sales in the market for essential commodities, namely edible oil, sugar, onion and lentils, grew to 239,000 tonnes in FY22.
This is about 12 times higher than what it was in FY17, when it sold 20,500 tonnes of various essential goods, TCB data showed.
The current government has strengthened the TCB in order to increase the state’s capacity to contain market prices and provide low-income people with access to essential commodities at affordable prices.
TCB’s overall sales so far this fiscal year are estimated to be 275,000 tonnes, as per data from the Finance Ministry.
