Irrespective of world food prices the CTG must do everything possible to keep prices as low as possible.
I wish there was access to a more thorough analysis of what is causing this terrible problem.
Regards
Ezajur Rahman
No sign for goods prices to come
down in six months: BDR chief
Courtesy New Age 31/10/07
The Bangladesh Rifles director general, Major General Shakil Ahmed, on Tuesday said prices of essential commodities would not decline in six months.
Shakil made the observation at a meeting with the media, commodity importers, wholesalers and leaders of the Federation of Bangladesh Chambers of Commerce and Industry.
Less than a month and a half ago, Shakil said prices would start declining by December–January.
‘I do not see any sign for the prices of essential commodities to decline at least in six months,’ said the chief of the Bangladesh Rifles which has been assigned by the government to check irrational price increase and to ensure the supply of commodities for lower prices.
Shakil presented a study at the meeting at the BDR headquarters showing how sharply the commodity prices on the international market had increased in recent months which in turn had pushed up the prices on domestic market. Senior officials of the Bangladesh Rifles, the police and the Rapid Action Battalion attended.
He showed the prices of food commodities had increased between 20 and 70 per cent on the international market during January–October.
The price of rice increased from $275 to $398 a tonne, wheat from $343 to $412, and crude soya bean oil from $879 to $1,096, he said.
Shakil at an iftar party at the Federation of Bangladesh Chamber of Commerce and Industry on September 20 said the prices of essential goods would come down to a tolerable range by December–January.
‘Although prices are yet to come down to a tolerable level, they are becoming stable. We hope the prices to come down to a tolerable range by December-January,’ Shakil said at the iftar party.
Shakil on Tuesday claimed that operation of BDR retail outlets had helped to keep the commodity prices somewhat stable during Ramadan, compared with the prices in the previous months of Ramadan.
Shakil said he had listed some measures, after talking with the traders, which he would forward to the government to increase the supply of food commodities and arrest the spiralling prices.
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