Companies, wholesalers, and retailers are blaming each other for the market disappearance of edible oil ahead of Eid-ul-Fitr.
Wholesalers and retailers claim mill owners have not provided adequate supplies. Companies, on the other hand, claim that some wholesale and retail shopkeepers have created an artificial crisis by hoarding in the hopes of inflating prices. Yesterday, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held a discussion at its Motijheel office to review the import, stock, supply, and price situation of edible oil. Businesspeople in the area blamed each other. But the traders agreed on one thing: they would use the lessons learned from the oil crisis to prevent a repeat of the situation. For several days before Eid, Abu Taher, a retailer in Dhaka’s New Market, said no distributor provided a single bottle of soyabean oil to a retail trader like him. Companies artificially created a market crisis in order to raise the price, he claimed.
According to FBCCI President Jashim Uddin, there is oil, but it is not available in retail stores before Eid. According to the companies, the supply was adequate, and now various government agencies are conducting raids and searching for locations with oil stocks, he said.