Publish: 09:22, 13 Mar, 2025

'Commodity prices are falling and expected to drop further'

Online Desk
'Commodity prices are falling and expected to drop further'
Commerce Adviser Sheikh Bashir Uddin speaks at a gathering of imams and khatibs after Iftar at the Jamia Madania Baridhara auditorium on Wednesday, March 12, 2025. Photo: UNB

Commerce adviser Sheikh Bashir Uddin said that the prices of daily essentials are now on a downward trend from being stable and are expected to decline further, reports UNB.

He highlighted this update while speaking at a gathering of imams and khatibs after Iftar at the Jamia Madania Baridhara auditorium, organized by Hefazat-e-Islam Bangladesh Dhaka Metropolitan on Wednesday evening.

The adviser said that wealth inequality was a major factor behind the July uprising. "We must address inequality through our actions and policymaking. The roles of Qardh al-hasan (interest-free lending) and Zakat are crucial in eliminating this wealth disparity," he added.

Zakat is an effective Islamic model for wealth distribution, he explained. It is the responsibility of the individual, not a form of charity. Imams and khatibs can inspire people to pay Zakat, ensuring a balanced distribution of wealth and reducing poverty. Sheikh Bashir Uddin also emphasized that Zakat helps discourage hoarding.

The Trading Corporation of Bangladesh (TCB) conducts activities worth Tk12,000 crore annually, with the government's subsidy amounting to Tk4,500 crore.

He noted that serious corruption has plagued all sectors of the economy, social policy, and politics in the past, highlighting that corruption within TCB's activities for marginalized populations has reached an extreme level.

In seeking the involvement of religious leaders in TCB's activities, he urged, "I appeal to leaders of all religions, not just Islam, to help in properly selecting the one crore marginalized families of TCB. Through your support, I aim to establish justice in society."

The commerce adviser also mentioned that the government is taking steps to preserve rawhide and ensure fair pricing.

"This time, the government will provide salt to madrasas and orphanages to preserve the skin of sacrificial animals. Your responsibility will be to clean and preserve the skin with salt, rather than selling it immediately on the day of sacrifice.”

“If you sell it after seven days, you will get a fair price,” he added.

He referred to leather as a national asset and a major source of income for madrasas and orphanages.

He said that the ministries of industries and commerce are taking necessary steps to develop the leather industry.

Regarding leather supply, he pointed out that when leather from districts outside Dhaka enters the capital after Qurbani, the supply increases, causing prices to drop. He assured that measures will be taken to prevent this from happening this time.

Bd-Pratidin English/ AM 

More News
China’s economy grows at steady pace despite Trump’s trade war
China’s economy grows at steady pace despite Trump’s trade war
Dubai bank consultant scammed out of Dh100,000 via WhatsApp trading scheme
Dubai bank consultant scammed out of Dh100,000 via WhatsApp trading scheme
Tax evasion tactics hidden behind charitable trusts
Tax evasion tactics hidden behind charitable trusts
US probes drones and polysilicon imports, opening door to tariffs
US probes drones and polysilicon imports, opening door to tariffs
Taka rises fast – what’s causing the dollar to slip?
Taka rises fast – what’s causing the dollar to slip?
'Bangladesh-South Korea FTA to foster deeper economic integration'
'Bangladesh-South Korea FTA to foster deeper economic integration'
NBR’s ITIIU uncovers Tk1,874cr tax evasion in 7 months
NBR’s ITIIU uncovers Tk1,874cr tax evasion in 7 months
BB issues warning against fraudsters posing as ACC officials
BB issues warning against fraudsters posing as ACC officials
17 private banks sign MoU to support universal pension scheme
17 private banks sign MoU to support universal pension scheme
BB buys $171 million in first-ever dollar auction to stabilize taka
BB buys $171 million in first-ever dollar auction to stabilize taka
World Bank VP stresses need for boosting private sector, FDI in Bangladesh
World Bank VP stresses need for boosting private sector, FDI in Bangladesh
Swiss investor threatens to sue BB over ICB Islamic Bank share
Swiss investor threatens to sue BB over ICB Islamic Bank share
Latest News
8 NBR officials suspended for tearing up transfer letters
8 NBR officials suspended for tearing up transfer letters
just now | National
Palestinian MP killed in Israeli airstrike on Gaza City
Palestinian MP killed in Israeli airstrike on Gaza City
21 minutes ago | International
Over 120 countries condemned Israel, US attacks on Iran
Over 120 countries condemned Israel, US attacks on Iran
50 minutes ago | International
If we fail, it will be a collective failure: Ali Riaz
If we fail, it will be a collective failure: Ali Riaz
55 minutes ago | National
55 lac families to receive rice at Tk15 per kg: Food Adviser
55 lac families to receive rice at Tk15 per kg: Food Adviser
1 hour ago | National
Muri Shinai De: The art of living well without pushing too hard
Muri Shinai De: The art of living well without pushing too hard
1 hour ago | Lifestyle
Netanyahu’s coalition is rattled as ultra-Orthodox party announces exit
Netanyahu’s coalition is rattled as ultra-Orthodox party announces exit
1 hour ago | International
Govt to import 4 lakh tonnes of rice to avert food risk in flood season
Govt to import 4 lakh tonnes of rice to avert food risk in flood season
1 hour ago | National
Tesla launches in India with pricey $70,000 Model Y due to steep tariffs
Tesla launches in India with pricey $70,000 Model Y due to steep tariffs
1 hour ago | Tech
After YouTube, Meta also declares war on copy-paste Facebook creators
After YouTube, Meta also declares war on copy-paste Facebook creators
2 hours ago | Tech
First image of Harry Potter released
First image of Harry Potter released
2 hours ago | Showbiz
Power deals signed under ousted AL govt to be reviewed: Finance adviser
Power deals signed under ousted AL govt to be reviewed: Finance adviser
2 hours ago | National
World Youth Skills Day being celebrated
World Youth Skills Day being celebrated
2 hours ago | National
Govt starts collecting uprising memories through 'Notes on July'
Govt starts collecting uprising memories through 'Notes on July'
2 hours ago | National
Trump gives Russia 50 days to make Ukraine deal
Trump gives Russia 50 days to make Ukraine deal
2 hours ago | International
China’s economy grows at steady pace despite Trump’s trade war
China’s economy grows at steady pace despite Trump’s trade war
2 hours ago | Economy
Low-pressure over Bay of Bengal turns land depression
Low-pressure over Bay of Bengal turns land depression
2 hours ago | National
CA orders immediate appointment to vacant head teacher posts in pry school
CA orders immediate appointment to vacant head teacher posts in pry school
2 hours ago | National
Iraqi patient plays oud, sings during brain tumour operation
Iraqi patient plays oud, sings during brain tumour operation
3 hours ago | Lifestyle
Ministry seeks application from agencies to participate in 2026 Hajj
Ministry seeks application from agencies to participate in 2026 Hajj
3 hours ago | National
Bangladesh eying first T20 series victory against Sri Lanka
Bangladesh eying first T20 series victory against Sri Lanka
3 hours ago | Sports
India orders airlines to check fuel switches on Boeing jets
India orders airlines to check fuel switches on Boeing jets
3 hours ago | International
France's new star Lanier ready for home pressure at badminton worlds
France's new star Lanier ready for home pressure at badminton worlds
3 hours ago | Sports
Bangladesh invites Egyptian investors to tap into key growth sectors
Bangladesh invites Egyptian investors to tap into key growth sectors
3 hours ago | National
"Bangladesh must not be treated as a younger brother but as an equal"
"Bangladesh must not be treated as a younger brother but as an equal"
3 hours ago | National
Army Chief’s earlier warning gains traction amid escalating political mud-slinging
Army Chief’s earlier warning gains traction amid escalating political mud-slinging
3 hours ago | National
Consensus commission resumes talks with key issues topping agenda
Consensus commission resumes talks with key issues topping agenda
4 hours ago | National
What it’s really like to live in 2025’s world’s best cities
What it’s really like to live in 2025’s world’s best cities
4 hours ago | Lifestyle
Meta's Zuckerberg pledges hundreds of billions for AI data centers
Meta's Zuckerberg pledges hundreds of billions for AI data centers
4 hours ago | Tech
World War III has already begun — Russian researcher Dmitry Trenin
World War III has already begun — Russian researcher Dmitry Trenin
4 hours ago | International
Most Read
Over Tk 2.5 lakh crore textile investment under threat
Over Tk 2.5 lakh crore textile investment under threat
6 hours ago | Special
World War III has already begun — Russian researcher Dmitry Trenin
World War III has already begun — Russian researcher Dmitry Trenin
4 hours ago | International
Tarique-Zubaida's trial in judicial court was not impartial: High Court
Tarique-Zubaida's trial in judicial court was not impartial: High Court
18 hours ago | National
Taka rises fast – what’s causing the dollar to slip?
Taka rises fast – what’s causing the dollar to slip?
7 hours ago | Economy
The challenge of Tk 14,000 crore Payra Port
The challenge of Tk 14,000 crore Payra Port
5 hours ago | Special
Many trying to hinder elections in the country: Mirza Fakhrul
Many trying to hinder elections in the country: Mirza Fakhrul
21 hours ago | National
3,554 murders, 4,105 rapes, 819 kidnappings in 10 months
3,554 murders, 4,105 rapes, 819 kidnappings in 10 months
5 hours ago | National
World Youth Skills Day tomorrow
World Youth Skills Day tomorrow
23 hours ago | National
NBR’s ITIIU uncovers Tk1,874cr tax evasion in 7 months
NBR’s ITIIU uncovers Tk1,874cr tax evasion in 7 months
8 hours ago | Economy
Rizwana for building discrimination free country to truly honour July martyrs
Rizwana for building discrimination free country to truly honour July martyrs
19 hours ago | National
Bangladesh’s maiden antivenom project for Russell’s viper faces funding setback
Bangladesh’s maiden antivenom project for Russell’s viper faces funding setback
5 hours ago | National
Tarique under fire: BNP leaders decry targeted smear campaigns
Tarique under fire: BNP leaders decry targeted smear campaigns
4 hours ago | Special
'Bangladesh-South Korea FTA to foster deeper economic integration'
'Bangladesh-South Korea FTA to foster deeper economic integration'
7 hours ago | Economy
Legendary singer Farida Parveen moved to cabin
Legendary singer Farida Parveen moved to cabin
7 hours ago | Showbiz
Launch, ferry movement halted on 10 Bhola routes
Launch, ferry movement halted on 10 Bhola routes
4 hours ago | National
Asif Nazrul ‘confident’ July massacre trials can be completed during govt tenure
Asif Nazrul ‘confident’ July massacre trials can be completed during govt tenure
19 hours ago | National
Floodwater recedes, Tk43 lakh crop loss reported across 20 districts
Floodwater recedes, Tk43 lakh crop loss reported across 20 districts
8 hours ago | National
French envoy upbeat about fair, inclusive polls in Bangladesh
French envoy upbeat about fair, inclusive polls in Bangladesh
7 hours ago | National
Bashundhara Kings join badminton league aiming to revive the sport
Bashundhara Kings join badminton league aiming to revive the sport
7 hours ago | Sports
CA orders immediate appointment to vacant head teacher posts in pry school
CA orders immediate appointment to vacant head teacher posts in pry school
3 hours ago | National
Dhaka’s air continues to be ‘moderate’
Dhaka’s air continues to be ‘moderate’
6 hours ago | City
Around 14 million children received no vaccinations in 2024: UN
Around 14 million children received no vaccinations in 2024: UN
6 hours ago | International
Australia pledges support for CHT development
Australia pledges support for CHT development
19 hours ago | National
Beyonce's unreleased music stolen from car
Beyonce's unreleased music stolen from car
5 hours ago | Showbiz
Power deals signed under ousted AL govt to be reviewed: Finance adviser
Power deals signed under ousted AL govt to be reviewed: Finance adviser
2 hours ago | National
17 private banks sign MoU to support universal pension scheme
17 private banks sign MoU to support universal pension scheme
23 hours ago | Economy
HC issues rule on declaring Abu Sayeed, Mugdha as nat’l heroes
HC issues rule on declaring Abu Sayeed, Mugdha as nat’l heroes
23 hours ago | National
Dengue: 2 more die, 330 hospitalised in 24hrs
Dengue: 2 more die, 330 hospitalised in 24hrs
21 hours ago | National
Govt to import 4 lakh tonnes of rice to avert food risk in flood season
Govt to import 4 lakh tonnes of rice to avert food risk in flood season
2 hours ago | National
Saudi keen to strengthen relations with Bangladesh
Saudi keen to strengthen relations with Bangladesh
18 hours ago | City