The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday held a meeting with traders and stakeholders to review the import, storage, supply and pricing of essential commodities ahead of Ramadan.
At the meeting, held at the FBCCI office in Motijheel, leaders of retail and wholesale market associations said there were sufficient stocks of edible oil, sugar, onions, pulses and other daily necessities across the country. They said there was no justification for price increases during Ramadan if supply chains remained normal.
However, traders urged the authorities to take strict measures to prevent extortion at various stages of the supply chain, warning that such practices could destabilise the market. The meeting was chaired by FBCCI Administrator Md Abdur Rahim Khan.
Participants also requested the Ministry of Commerce and the FBCCI to stop what they described as harassment of small retailers in the name of market monitoring during Ramadan, arguing that marginal traders do not have the capacity to manipulate prices. They urged importers and large corporate entities to ensure uninterrupted supply of essential goods.
Bangladesh Sugar Traders Association President Md Abul Hashem said there would be no sugar shortage if mill owners maintained proper supply. He added that government-led imports, alongside corporate participation, could help keep prices competitive.
Bangladesh Wholesale Edible Oil Traders Association President Md Golam Mawla said government surveillance should cover not only retail markets but also large industrial groups and importers to ensure price stability.
Leaders of raw market traders said supplies of vegetables and other fresh produce were adequate and would remain affordable during Ramadan. They noted that prices of most vegetables were currently stable, with lemon being the only exception.
FBCCI Administrator Md Abdur Rahim Khan said this year’s Ramadan was particularly sensitive as it would begin shortly after national elections, urging business leaders and trade bodies to act responsibly in the interest of consumers.
Advocate Humayun Kabir Bhuiyan, general secretary of the Consumer Association of Bangladesh (CAB), warned of a possible energy crisis this year, which could worsen during Ramadan.
He also cautioned that the transition to a new government following the elections could limit strict market monitoring, creating opportunities for unscrupulous traders to exploit the situation.
Bd-pratidin English/ Jisan
