Bangladesh: State Minister Titu hopeful about commodity market conditions ahead of Ramadan

Regulation & Compliances
Market & Price Trends
Published Feb 12, 2024

Tridge summary

State Minister for Commerce Ahsanul Islam Titu has issued a warning against hoarding and market manipulation, assuring that the government will take necessary action if such activities are found. He also expressed confidence that the government will maintain sufficient food supply during the upcoming Ramadan. An inter-ministerial committee and task force are working in collaboration with the ministries of agriculture, food and fish, and commerce to ensure this. A hotline has been set up to monitor product prices and prevent overcharging. Additionally, the government has been in talks with India about the export of onions and sugar for Ramadan.
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Original content

State Minister for Commerce Ahsanul Islam Titu on Sunday issued a warning against hoarders and market manipulation. He also hoped that the government will be able to ensure adequate supply of food items in the upcoming Ramadan. "If any hoarding or manipulation is attempted, appropriate action will be taken," he said. He said this in response to a question of the Independent MP elected from Habiganj, Syed Sayedul Haque Suman, in Parliament. The state minister said that the prime minister gave instructions in the first cabinet meeting. "We are working through an inter-ministerial committee. The Prime Minister gave instructions yesterday (Saturday) so that there should be no hindrance at the level of transport and in market management," he said. He also mentioned that continuous and coordinated monitoring is going on. "Hope to be able to ensure the supply of food in next Ramadan. If any kind of hoarding or manipulation is attempted, appropriate action will be taken," he said. ...
Source: TBS
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