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Editorial

Government blacklisting oil, potato cartels

Remove syndicates from kitchen markets


Bangladeshpost
Published : 10 Nov 2020 08:18 PM

All essential commodity dealers are in the business for the big profits. This has resulted in the formation of unscrupulous groups amongst a dealers, owners, wholesalers, and intermediaries who actively conspire to increase and decrease the price of essentials. However, despite several attempts to curb this irregularity there are groups who are still actively causing issues in the kitchen markets with prices of essential goods.

According to a report, the government has directed to blacklist those unholy nexus of traders and hoarders who are involved in manipulating the potato, onion and edible price. According to the normal rules of the economy, when the supply of goods decreases, the price increases and when the supply increases, the price decreases. But this rule does not always apply in our market. Here, the fluctuation of price is so abrupt and rash that general people cannot but fall prey to this sort of unruliness.


Necessary steps should be taken to keep 

the prices of daily commodities 

at a tolerable level


The sad aspect of all this is that the farmers are deprived of their rightful price and the common people are exploited out of their money, but the main gainers through illegal means are the unscrupulous businessmen, syndicates and middlemen. 

The unbridled rise in prices of daily commodities is becoming a cause of misery for the common people. A large part of their income goes into buying daily necessities including rice, pulses, vegetables and oils. The government may take care to keep the prices of daily commodities at a tolerable level so that no one incurs any losses nor do the customers have to unusually ration their domestic budget.

The report also sheds light on the digression of dishonest businesses selling rice at higher price despite it being fixed by the government. For the past one month the price for 50-kg rice sack has been selling at excess of Tk 250. Also, the price of edible oil was fixed by the government at the mill level, but that doesn’t seem to have had any impact on the markets.

The authorities concerned should bring the markets and prices to ropes and aid in decreasing the blight of the common people.