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Without market monitoring, commodity prices would have gone up further: Commerce Secretary

Without market monitoring, commodity prices would have gone up further: Commerce Secretary
Without market monitoring, commodity prices would have gone up further: Commerce Secretary

The government is making every effort to reduce the price of goods. As part of this, market monitoring activities have been increased. Without monitoring, the prices of some daily commodities could have gone up. In terms of market surveillance, the overall goal may not have been achieved. Still, some benefits have been achieved. Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, said these things in response to questions from journalists in his office at the Secretariat on Tuesday.

The Secretary of Commerce also said, ‘It is not possible to implement it only by fixing the price. It is necessary to ensure proper supply of products. For this we have to rely on the big traders as well as the retail traders. It is not possible to go to shop and shop constantly. Therefore, the government has involved district administration, local market committee and civil society in market monitoring. Public awareness activities are also being conducted.

In response to another question, he said, ‘In order to control commodity prices, import of onions and potatoes has been allowed. After the approval, the import of eggs has started, albeit with some delay. With the import of these products, if the production of various vegetables including potatoes, onions among the local products starts, by the end of next December, the prices of daily products may come to a bearable level. But until then, you have to be under some pressure.’

The secretary said, ‘The current season is such that there is not enough stock in the market at this time. At this time the farmer does not have much produce, most of what is left is with the middlemen. Due to this, the price increases during this time. Besides, this year India stopped exporting onions. Later, the country decided the export price even after allowing the export. In this, onion imported from India is suffocating by Tk 130 more. So currently the prices of some products including onions are quite high.’

In response to a question regarding the delay in importing eggs despite permission, he said, ‘The delay is due to the bird flu test. But that problem is over. So far 61 thousand 950 eggs have been imported from India. It is expected that the approved 20 crore pieces of eggs will come in phases. Import of potatoes has also started. Because of this, the prices of eggs and potatoes are already falling. It will decrease further in the future.’

When asked whether there is any initiative to import onion from other countries besides India, the secretary said, ‘As an alternative country, only onion import from Myanmar is profitable. But they also said that they cannot give too much onion. Apart from this, preparations are being made to import onions from other countries. If necessary, action will be taken accordingly.’

The article is in Bengali

Tags: market monitoring commodity prices Commerce Secretary


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