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8 December, 2019 00:00 00 AM
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Rein in high prices of commodities

Rein in high prices of commodities

It is disturbing to note that the prices of vegetables and other essential commodities registered a significant rise in the past one year with onions causing consumers to shed tears as the spice skyrocketed by more than 500 per cent.  According to a report of this newspaper yesterday, the prices of other commodities such as ginger increased by 27.27 per cent, garlic by 166.67pc, dried chillies by 25pc, lentils by 20pc, beef by 12.5pc, sugar by 14.56pc, and cardamom by 85.92pc in one year from December 8 last year.  

Buyers at the kitchen markets expressed anger over the price hike of vegetables and other essential cooking ingredients. Some blamed the price hikes on lax monitoring by the relevant authorities. Every family needs fish,   vegetables and other commodities for daily consumption. If prices of these go up they put strain on the family budget. How many families can afford the extra money?

This is the full season for vegetables. There is no reason for high prices of the same. The relevant authorities should find out the cause of the spiraling prices of daily commodities and vegetables. A section of dishonest businessmen on various pretexts raise the prices of essentials and make fortunes at the cost of the buyers. Prices of essentials should remain stable throughout the year. If the prices of essentials remain within the purchasing capacity of the consumers they can do the purchasing without pecuniary stress.

The assurance of keeping prices of essentials within the purchasing capacity of the consumers remains rhetoric and is hardly translated into action. It is the responsibility of the authorities concerned to assess the supply and demand situation in the kitchen markets. If the demand and supply positions match there should not be any crisis of essentials in the markets, much to the relief of the consumers.

The high officials of the relevant ministry can hold meetings with the traders on a regular basis to keep prices of essentials stable. Vigilance should be maintained whether supply of the essential commodities is disrupted or the middlemen are instrumental in raising the prices of commodities, particularly vegetables. Action against the dishonest traders can also bring the desired results.

 

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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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