Bangladesh and its Abnormal Price Hike in Milk Prices
Follies abound in Bangladesh and none can tell where the next round
of absurdity will hit the ground in Bangladesh. This Eid and Puja
season the center stage has been stolen by grandiose escalation of
milk prices. The unfolding story of skyrocketed milk prices gives me
the temptation to become granivorous (feeding on grains only).
Milk prices have gone up 17% over the last 10 days in a bizarre
twist of turns. I am joining the Consumer Association of Bangladesh
for real this time and going to seriously work to right-size this
uncalled for situation and work as a pressure group so that
accidental price swings do not surprise Bangladesh. Let us all join
the consumer movement in Bangladesh and work to keep the corporation
in line here in Bangladesh.
This is simply tasteless where to my mind all the multinationals and
locals ( NESTLE, NEW ZEALAND, DANO, Daily, Aarong, Milk vita) have
colluded. It is senseless greed that has gripped them in this Eid
and Puja season. I am requesting all to put up your voices against
this onslaught of corporate greed. I am inclined to request all to
venture into seriously boycotting drinking milk for a week (which
may sound impossible but no harm in trying).
This is oligopoly has to stop. I also want to see the Government
doing the right job by penalizing these greedy organizations and
levy serious sanctions against them. Additionally, I would request
the SEC to force them to sell their shares in the public or else
cease and desist. These corporations have had their jolly ride in
skimming too much profit that they had never ventured to share with
the local public. In other words, they are seriously deficient in
their stakeholder management and all of this is going on under the
nose of the government. I would request the Government wake from
slumber and start their drives to bring these corporations to open
up to the markets of Bangladeshi citizens.
Coming back to the issue of outrageous commodity price movements,
the people of Bangladesh cannot be robbed just because we are
dependant on Milk or other products for that matter. We shall not
drink milk for the next few weeks and make you the cheating
corporates understand the will of the public and humble you to
reduce your prices to levels lower than before or else force you to
pack bags and leave the corporate world. We need sensitive, law
abiding corporations with positive social responsibility. We do not
need cheating and conniving corporates that eat on people's
innocence. Just imagine how many poor children's nutrition you are
robbing by skimming above normal profits and you can yourselves
civilized corporate citizens. Shame on you.
Enough damage has been made and we need to fight back otherwise we
will be devoured in the long run - our existence threatened.
The only practical reason for raising the prices would be if the
world market prices had indeed shot up. I think that is a distant
possibility and, therefore, I would also volunteer the ACC to dig
into this syndicate of milk supply chain. The dealers of these
corporations may also be involved in this heinous spiraling of milk
prices.
If you feel that I have raised valid points then please pass on this
email to others and request others to do the same. It is our humble
attempt at showing our discontentment and frustrations at
controlling the markets for greed at sensitive national festivities
( Eid and Puja). The Government should take note that its popularity
also depends to a great extent on keeping prices within tolerable
limits, especially on staple products like Milk, Rice, Wheat, Oil,
etc. I would also request my friends in the press to carry on their
investigations and bring out into the public the real reasons for
this violent price surge and, if indeed some vested quarters are
involved, then let the public and the government take them to task.
A small punishment cannot be justified in this case; we, as the
public, need to see exemplary punishment for these wrongdoers so
that Bangladesh do not experience such a specter in the comings days
and years or at least send the signal that this price fixing will be
dealt with severely if found guilty. Finally, please let us all work
together to come out of the grips of a few for the welfare of all
and, in this journey, we need every decent citizen's moral
commitment.
Ziaur Rahman
CEO
IITM –iitmbd.org
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