Minister blames import dependency for price hike

Mohsin Ali stated that many achievements of the current government were overshadowed by the purchase price increase of food things. He stated that 500 trucks had been engaged in open market sales. Tipu also blamed the inclination of profiteering among traders and panic buying among customers for the cost increase of food items that affected the folks who suffered income losses prior to the Covid epidemic. Approximately 27 percent of the total 70 respondents said they borrowed from others to meet up the losses of earnings, '' said Nazneen. The purchase price of edible oil has dropped on the international market while 95 percent of the country's olive oil requirement is met through import. The pandemic has caused double load for poor since the earnings of 65.7 per cent reduced. Approximately 51 per cent responded stated they took meals three times per day while 67 per cent said that they were able to receive protein diet mainly out of eggs. Sayema Hauque urged the authorities to set up a commission on essential commodities and a greater coordination between the trade ministry and many others to get improved outcome on market tracking. The commerce minister stated that the cost of onion went up whenever India raised its cost and ceased exports. Noting the food inflation was higher than the non-food inflation recent, she asked the authorities to improve the supply of subsidised food things and to reevaluate anti-hoarding laws. Bangladesh Institute of Development Studies senior research fellow Nazneen Ahmed introduced results of a poll on'The price increase of commodity products and its own effect on intake'. She said price of boro rice rose by 19.57 percent in the last one year, atta by 13 a cebt along with soybean oil by 28 percent. Approximately 19 percent respondents of the poll between March 25 and April 6 said they took two meals a day on account of the price hike of food losses and items of income amid the Covid epidemic. Commerce minister Tipu Munshi on Thursday blamed the nation's dependency on import for the price hike of essential food items like edible oils, rice, sugar, flour, onion and legumes on the local market. The commerce minister said that the price of edible oil wouldn't diminish unless its cost fell on the global market. Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue Click here to continue