Wholesale price of sugar is falling due to increase in supply. Over the last one week (37.32 kg) The price of sugar has decreased by Tk 188. Businessmen say, A lot of sugar is entering the market from India illegally, along with sugar from various private companies. As a result, there is currently no shortage of sugar in the market. But consumers say, The price of sugar has not yet reached a tolerable level. Consumers still have to buy sugar at Tk 140 to 145 per kg.
Khatunganj’s wholesale market was investigated, At present, wholesale sugar is being sold at Tk 4,850 per maund. Last week it was sold for 5 thousand 38 taka. A few sugar buyers of Khatunganj said, In Khatunganj market, there are some practices in selling and trading products for ages. There are many customs of self-benefit which are not legally recognized. One of them is the delivery order (D.O) sleep In buying and selling sugar or any other commodity, forward transactions are done through DO trading. can be seen, The slip is being sold even if the product is not received. A company buys a certain amount of product DO from the market. If the market price at which DO is bought increases, Then they hesitate to deliver the product. seen again, The company’s products have not arrived, But DO bought too much. As a result, the company cannot deliver products to the market. As a result, the prices of these products are not under control.
General Secretary of Chaktai Khatunganj Artaddar General Traders Welfare Association. Mohiuddin told Azadi, The sugar market has been on a downward trend for the past one week. Due to increased supply of sugar in the market, prices are falling.
Consumers Association of Bangladesh (Cab) Chittagong divisional president SM Najer Hossain said, The price of sugar has been fluctuating for a long time in the country’s market. It has been hovering between Rs 130 and Rs 145 for the past few months. However, if the government’s surveillance is increased, it is possible to control the market. Because there are few sugar importers in our country. They sell sugar through certain distributors. The government can control the market by fixing the buying price and selling price if it wants. But the reality is that none of that is happening. Due to the lack of supervision of the administration, businessmen are getting the opportunity to create artificial crisis at various times.
