Concerns over the rising prices of essential commodities ahead of Ramadan are not new. Yet this is not an unsolvable problem. The real issue is the level of preparation, transparency and commitment to enforcement. From the perspective of the Consumers Association of Bangladesh (CAB), three key factors drive market instability during Ramadan: unplanned imports, weak monitoring and the deliberate creation of artificial shortages.
Each year, a familiar pattern emerges. Even before Ramadan begins, some traders raise prices citing possible shortages, while consumers engage in panic buying. This combination fuels unnecessary pressure in the market, even when actual supply remains adequate.
Import plans for essential items—edible oil, sugar, lentils, chickpeas and dates—should be finalised at least two to three months before Ramadan. Procedural delays and bureaucratic hurdles must be swiftly resolved. At the same time, the government should regularly disclose information on stock levels, incoming shipments and overall supply conditions. Transparency helps prevent rumors and reduces opportunities for manipulation.
Short-term enforcement campaigns are insufficient to ensure stability. Monitoring must be consistent and comprehensive, covering the entire supply chain from wholesale markets to retail outlets. When penalties are minimal, large traders may treat them as routine business costs. Repeat offenders should face stricter consequences, including licence suspension, substantial fines or legal action.
Promoting effective competition can curb the influence of dominant market groups. Traders should also reflect on the spirit of Ramadan—a month of restraint and compassion. Maintaining fair prices, rather than pursuing excessive profits, should be viewed as a social responsibility.
Consumers, too, share responsibility. Avoiding unnecessary stockpiling and purchasing according to genuine need can ease market pressure. Panic buying ultimately harms consumers by driving up prices further.
Stabilising the Ramadan market is not solely the government’s duty. It requires coordinated efforts among policymakers, businesses and consumers alike. With political will, administrative efficiency and social responsibility working in tandem, the recurring cycle of price hikes during Ramadan can be broken.
The writer is the President of the Consumers Association of Bangladesh (CAB).
Bd-pratidin English/ Jisan
