Sunday, October 12, 2025

Govt’s market intervention has failed : Market prices go uncontrolled

Despite the high sounding commitments made by the government, the TCB and the apex business body FBCCI, the prices of essential commodities continued to remain high during the month of Ramzan.
Meanwhile as the Holy Eid-ul-Fitr approaches the prices of spices, edible oil and other commodities recorded a higher price as surveyed in the city’s kitchen markets yesterday reflecting the ‘failure of mechanism’ earlier taken by the concerned authority to contain the volatility of market price.
On the other hand, the prices of different varieties of rice have remained high, showing no positive impact on rice prices despite selling of coarse rice through OMS and fair price card.
As most of the public and private service holders received their salaries along with Eid festival bonuses, that prompted the traders to increase commodities prices again, market experts opined.
The state owned Trading Corporation of Bangladesh (TCB) has failed to check the market prices during the ongoing Ramzan though it was supposed to do that, alleged by the customers. TCB started selling food items at fair price on August 8 last at different places of the country. Though the Corporation had a plan to sell 25 tonnes of sugar, 20,000 tonnes of soybean oil, 10,000 tonnes lentils, and 5,000 tonnes of palm oil during the Ramzan. But so far it had failed to sell those quantities of commodities.
We could not understand that even after the ongoing drive by the designated market monitoring teams of the concerned Ministry, the prices of vegetables and some essential spices have again shot up ahead of Eid-ul- Fitr, customers vented their frustrations.
“Just before the start of Ramzan, the mill gate rate of sugar was between Tk 34 and Tk 36 per kg and in the retail market it was between Tk 38 and Tk 40.
But, less than a one month, the sugar price has shot up abruptly as it was sold between Tk 50 and Tk 52 per kg yesterday,” said Mrs Rawshan, a private service holder.
But, so far, except realising fines from a handful of traders for food adulteration but the selling of commodities at high prices by the traders were going on unabated, according to market analysts.
Meanwhile, the government would take action against the syndicates who are involved with the sugar and soybean oil prices scam.
The intelligence agencies of the government have detected some businessmen involved with the ‘market price syndication’. They have submitted the lists to the Ministry of Commerce for taking necessary actions.
If the allegations are proven we would take stern action against those involved with the price syndication, a high official of the concerned official told The New Nation.
The prices of brinjal, green chilli, cucumber and tomato again reached a higher level as most of the traders were flouting the government decision to follow the ‘fixed prices chart’.
Though the government has fixed the prices of soybean oil, sugar, and lentil and red meat for the holy month of Ramzan, and in fact most traders in the retail level were violating the government’s instructions as they were realising high prices of commodities from the customers, aggravating the sufferings of the common people.
But, the traders in the retail markets denied the allegations of selling commodities at high prices rather claimed to have realising minimum profits from the customers.
Brinjal was sold between Tk 40 and Tk 50 per kg yesterday which was between Tk 25 and Tk 30 in the past few week. Similarly, cucumber was sold between Tk 35 and Tk 40 per kg yesterday which was between Tk 20 and Tk 25 in the previous week.
Green chilli was sold between Tk 100 and Tk 110 per kg yesterday which was between Tk 70 and Tk 75 in the previous weeks. Per kg of tomato was sold between Tk 90 and Tk 100 yesterday which was between Tk 75 and Tk 80 in the past few weeks.
The government has fixed soybean oil at Tk 80 per kg and sugar at Tk 47 per kg for Ramzan. But most traders were selling soybean at Tk 82 and sugar between Tk 50 and 52 per kg yesterday.
Similarly, beef and mutton were also fixed at Tk 250 and at Tk 350 per kg respectively. But, traders were selling one kg of beef between Tk 260 and Tk 270 and mutton between Tk 380 and Tk 400 yesterday.
Among the spices, the price of cardamon has increased almost four times higher compared with the previous year. Per kg of cardamon was sold between Tk 2,700 and Tk 2,750 yesterday which was sold at Tk 750 per kg in the previous year.
Clove was sold between Tk 600 and Tk 650 per kg yesterday which was between Tk 500 and Tk 520 per kg just before the start of the holy month of Ramzan. Per kg of cumin was sold between Tk 345 and Tk 360 yesterday which was between Tk 250 and Tk 280 just before Ramzan. Black pepper was sold between Tk 550 and Tk 600 per kg yesterday which was between Tk 450 and Tk 500 in the previous weeks.
Powdered turmeric was sold between Tk 320 and Tk 340 per kg yesterday which was between Tk 250 and Tk 260 in the past few weeks. Per kg of ginger was sold between Tk 100 and Tk 110 while garlic was sold between Tk 140 and Tk 150 per kg yesterday.
Najirshail variety of rice depending on quality was sold between Tk 44 and Tk 46 and paijam was sold between Tk 34 and Tk 36.Per kg green chilli was sold between Tk 100 and Tk 110, garlic between Tk 150 and Tk 160, ginger between Tk 100 and Tk 110 yesterday.
Per kg of ruhi fish was sold between Tk 180 and Tk 200 while a medium size ‘hilsha’ was sold between Tk 500 and Tk 600 yesterday.

 

Courtesy of The New Nation

Related News

Bangladesh and KSA sign pact for workers’ rights

News Desk : dhakamirror.com Bangladesh and Saudi Arabia have just inked a labour recruitment agreement, marking the first deal aimed at promoting fair recruitment practices and protecting workers’ rights. Expatriates’ Welfare and Overseas Employment Adviser, Prof. Asif Nazrul, and the Saudi Minister of Human Resources and Social Development, Engineer Ahmad Bin Solaiman Al-Rajhi, recently came ... Read more

Poor pay, allowances of teachers affect education

World Teacher’s Day today Shahin Akhter Poor pay-scale and allowances and low social status mark the poor condition of the teachers in Bangladesh affecting the education sector, observed educationists and researchers. They also said that the Bangladeshi teachers were lagging much behind their fellows even in the neighbouring countries in terms of these facilities and ... Read more

Protecting hilsa: 22-day fishing ban begins

News Desk : dhakamirror.com The government has put a 22-day halt on catching, transporting, storing, selling, and marketing hilsa throughout the country. This measure aims to protect the fish during its crucial breeding season. The ban started at midnight yesterday and will last until October 25, as stated in a notification from the Ministry of ... Read more

Road fatalities: 446 crashes, 417 lives lost in September

News Desk : dhakamirror.com In September, a tragic report from the Road Safety Foundation revealed that at least 417 people lost their lives and 682 were injured in 446 road accidents throughout Bangladesh. Among those who died, there were 63 women and 47 children, as highlighted in the foundation’s monthly report released today. In 151 ... Read more

Man’s fatal fall into Ramna Park lake

News Desk : dhakamirror.com A tragic incident occurred yesterday at Ramna Park in the capital, where a man drowned in the lake. The victim has been identified as 55-year-old Wasimul Haq. The police were able to identify him using fingerprint records. According to Ramna police SI Mizanur Rahman, he was discovered unconscious around 6:00 PM ... Read more

Tariff Commission’s size-based hilsa pricing strategy

News Desk : dhakamirror.com The Bangladesh Trade and Tariff Commission (BTTC), also known as the Tariff Commission, has suggested setting a maximum retail price for hilsa based on its size. This recommendation comes in response to the unusual spike in prices seen in the local market. On Sunday, the Tariff Commission released a report detailing ... Read more

Ekushey Book Fair won’t happen in December

News Desk : dhakamirror.com The Bangla Academy announced yesterday (28 September), that the previously scheduled dates for the Amar Ekushey Book Fair 2026 have been postponed. In a press release, they explained that this decision was made following a directive from the Ministry of Home Affairs on September 21, which indicated that the fair should ... Read more

Working in Bangladesh is quite challenging: CEC

News Desk : dhakamirror.com The Election Commission is grappling with a mix of challenges, both seen and unseen, as it gears up for the upcoming elections and responds to various demands, shared chief election commissioner AMM Nasir Uddin on Saturday. “These hurdles might not be apparent from the outside, but we’re constantly navigating through them,” ... Read more

Travel ban on Keokradong hill to be lifted starting from 1 October

News Desk : dhakamirror.com Great news for travelers! Keokradong hill in Bandarban’s Ruma upazila is set to welcome tourists again starting October 1. The district administration has finally lifted the travel ban that had been in effect for almost three years. Bandarban Deputy Commissioner (DC) Shamim Ara Rini announced the decision today (27 September) during ... Read more

Tree planting campaign to lower pollution, make city more attractive

News Desk : dhakamirror.com Dhaka South City Corporation (DSCC) Administrator Md Shahjahan Mia has inaugurated a tree plantation and greening programme covering 33 road medians, spanning a total length of 31 kilometres, within the corporation’s jurisdiction. Under the “Zero Soil” programme, ornamental flowering trees and grasses will be planted across 28 DSCC medians, while the ... Read more

Krishi Bank ranks third in remittance collection

News Desk : dhakamirror.com Krishi Bank has shown remarkable success in collecting remittances from expatriates during the first eight months of 2025 (January–August). Known as bank for farmers due to its agricultural loan services, this state-owned institution has climbed to the third position in remittance collection from abroad in that timeframe. This notable achievement has ... Read more

North Bay low : Rain forecast for Bangladesh

News Desk : dhakamirror.com Many parts of the country is expected to witness moderate to heavy and very heavy rainfall in the coming days due to the formation of a low-pressure system over the north Bay and adjoining coastal areas, the Met office said in its latest forecast. According to Bangladesh Meteorological Department’s 120-hour weather ... Read more

Metrorail boosts service: Extended hours & more frequent arrivals

News Desk : dhakamirror.com Dhaka metrorail service is set to start operating earlier in the morning and later at night to better serve the growing number of passengers. Service hours will be extended by 30 minutes at both the beginning and end of the day, and the interval between trains will be reduced by nearly ... Read more

22% minors in Bangladesh’s sex trade

News Desk : dhakamirror.com At least 22 percent of victims of commercial sexual exploitation (abuse of a person, or a minor, through sexual activities in exchange for money, goods, or other benefits) in Bangladesh are children, said speakers at an event yesterday. They shared the information at the launch of “Project Shurakkha”, an initiative of ... Read more

WB Reports Bangladesh Heat Costs at $1.78 Billion in 2024

News Desk : dhakamirror.com Rising temperatures in Bangladesh are fueling a surge in heat-related illnesses, leading to the loss of 250 million workdays in 2024 and economic losses estimated at $1.33–1.78 billion, representing about 0.3 to 0.4 percent of Bangladesh’s gross domestic product (GDP) in 2024, according to a new World Bank report. The report ... Read more

Police clearance no longer required for passports

News Desk : dhakamirror.com Chief Adviser Professor Muhammad Yunus announced that police verification will no longer be necessary for obtaining a passport, thereby reducing unnecessary hassle for citizens. “Getting a passport is a basic right. We have established a rule that eliminates the need for police verification,” he stated. While speaking at the opening session ... Read more

Metro rail achieves record 4 lakh daily passengers

News Desk : dhakamirror.com Metro Rail has achieved a remarkable milestone by carrying over 400,000 passengers in a single day. The Dhaka Mass Transit Company Limited (DMTCL), which operates the Metro Rail, announced this achievement on their official Facebook page on Friday night. For the first time, Metro Rail recorded 403,164 passengers. The Metro Rail ... Read more

Most people, about 66% think civil servants behave as if they are rulers

News Desk : dhakamirror.com More than 100,000 participants have contributed their responses to reform commission’s online survey 80% of the respondents believe that the administration is not approachable for the general public, according to a survey conducted by the Public Administration Reform Commission. Additionally, 66% of participants feel that civil servants act as if they ... Read more

Former Justice Abdur Rouf dies

News Desk : dhakamirror.com Former Chief Election Commissioner Justice Md Abdur Rouf has passed away at the age of 91. He died around 10:00 am while receiving treatment at Insaf Barakah Kidney and General Hospital in Dhaka, as stated in a press release. Justice Rouf had been battling heart disease, lung complications, kidney issues, and ... Read more

Bangladesh climbed 4 positions to rank 93rd in global passport index

News Desk : dhakamirror.com Bangladesh has climbed four notches up in the latest Henley Passport Index 2025, ranking 93rd out of 99. However, the number of visa-free destinations for Bangladeshi passport holders has dropped from 42 in 2024 to 39 this year, reflecting a decline in global travel privileges. Despite this improvement in rank — ... Read more