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Government to control dishonest traders

Industry: Commodity, Consumer & Retail

Commerce Minister said that some local traders are manipulating commodity prices to take advantage of market vulnerabilities, in addition to the influence of the global commodity market. He made these comments at the inauguration of the Trading Corporation of Bangladesh’s (TCB) product sales programme for May in Badda area of the capital city on Sunday. The Minister added that both international and domestic factors are at play every time the price of a product increases in the market, and the government is doing everything possible to tackle the situation.

He also acknowledged that some people try to take advantage of situations but said that the government is addressing the issue through the consumer rights body. He mentioned the recent sugar price hike, saying that the international price of sugar has increased in the last 15 days. Regarding TCB cards, he hoped that 75% of the programme will be digitized in the next six months. This month, TCB is offering one kg of sugar, two kg of lentils, and two litres of soybean oil to each cardholder at a reasonable price.

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