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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2588

State-owned Trading Corporation of Bangladesh commences selling essential commodities to cushion the price hike

M.A Qader-Reporting from Bangladesh

Dhaka, 20 August (Asiantribune.com): In the wake of excessive price hike of essential commodities, the state-run Trading Corporation of Bangladesh has started selling essentials in Dhaka on Wednesday.

The corporation will launch countrywide sale of essential commodities at reasonable prices.

In every Municipal wards of the Dhaka city, the government's trading body, which was inactive for long years, is offering edible oil, sugar, chickpea and a number of other commodities through its appointed dealers at reasonable price.

Commerce Minister Faruq Khan yesterday inaugurated the sales programme at 10am at the TCB warehouse in Tejgaon distributing essential items through the dealers.

The minister at the inaugural ceremony said that sales at the districts level will begin on Thursday.

TCB will continue its commodity sales even after the Ramadan to help keep the increasing commodity prices stable, the Commerce Minister said.

The Minister also warned that stern actions would be taken against any attempt to destabilize the market prices of essentials.

The state-owned TCB is selling sugar at Tk 40 per kg and chickpeas at Tk 50. A litre of palm oil is sold at Tk 58, soybean oil (loose) at Tk 70 and bottled soybean oil for Tk 76.

The commodities TCB has imported haven't yet arrived at our ports. The TCB officials said, 37, 500 metric tons (MT) of sugar and 25, 000 MT of edible oil are due to land in Bangladesh within a few days.

TCB is currently distributing about 3, 79,000 litres of soybean oil, 1, 000 MT of sugar and 12, 500 MT of palm oil through its dealers.

The organization is importing 25,000 tonnes of edible oil, 12, 500 tonnes sugar, 200 tonnes onion and 150 tonnes chickpeas, which is quite inadequate compared to the demand, market dealers said.

It is notable that, in last few years, the price of daily essential commodities rapidly went up pushing the livelihood of the common people into peril.

-Asian Tribune-

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