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21 November, 2019 00:00 00 AM
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The irrational behaviour of the kitchen market

RUMOURS CAN DO A LOT OF MISCHIEF. IN THE PAST ALSO IT CREATED A LOT OF PROBLEMS
The irrational behaviour 
of the kitchen market

It is disturbing to note that the rumour of salt shortage prompted people across the country to buy and stock table salt, leading to a spurt in its price. It was seen that after the rumour surfaced in different parts of the country, including Dhaka, shopkeepers sold salt at Tk. 100 to 200 per kg, while the actual price of the commodity was Tk. 35-40. People were seen thronging the kitchen and retail markets to buy and stock salt. They became panicky after the sour experience with onion. And they cannot be blamed for their panic.  

Rumours can do a lot of mischief. In the past also it created a lot of problems. There is no dearth of rumour-mongers and gullible people in this country.  The rumour about shortage of salt made an electrifying effect among people and panic buying of it followed. A person who usually buys one packet of salt was seen to buy several packets. But according to the relevant authorities, there is no shortage of salt in the country. Then, why was this urgency for buying salt created? Why this rumour that stock of salt has run short?

The dishonest traders in Bangladesh always look for opportunity to reap benefits. They do not care for any business ethics. There is no reason for shortage of salt like onions. Even onions rot because of stockpiling.  Unlike onions that are imported, salt is produced in the country. The people belonging to the fixed income groups were already bearing the brunt of the high price of onion. And now, high price of salt added to their concern.

Every family needs salt for daily consumption. If the price of the same goes up it puts strain on the family budget. How many families can afford the extra money?  It is the right of every person to get every commodity at a reasonable price. The relevant authorities should find out who are behind the rumour of salt shortage and take punitive measures against them.   

It is imperative for the government officials concerned and business community leaders to step up its monitoring at all stages of the supply chain. The situation also calls for tough measures against the hoarders for freeing buyers from the evil machination. Assessing the supply and demand position in the kitchen market is also necessary.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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