Tuesday, May 26, 2020 | ePaper

BREAKING NEWS:

Plot to keep sugar price volatile

  • Print
Badrul Ahsan :
A strong syndicate of millers and the whole sellers are active to increase prices of sugar ahead of Ramzan, traders claimed.
They also claimed that the wholesalers have already increased Tk 300 to Tk 400 against each one hundred kilogram sack of sugar which will impact to the retail market.
The traders said the prices of sugar might be raised again in different phases during the holy month of Ramzan and ahead of Eid-ul-Fitr.
 "Prices of sugar in the retail market increased by around Tk 5 per kilogram as we are forced to pay extra money to the wholesalers," Ahmed Kamal, a retailer, told The New Nation on Tuesday.
He added: "Wholesalers charge us higher prices of sugar. We do not have any scope to bargain with them. But when we increase price of sugar accordingly then consumers become angry with us."
When asked Nayeem Mustafe, another grocery shop owner in the city's Fakira pool area, said they raised Tk 5 against each kilogram of sugar as they have to count extra fare to carry goods from the wholesalers to the retail market due to heavy traffic congestion ahead of Ramzan.
On the other hand, Abdul Mannan, a wholesalers at Kawran Bazar, said that they face different types of anomalies during receiving delivery of sugar from mills which pushes cost of their goods.
 "There are huge rush of trucks in the mill gate. Taking delivery of sugar takes three to seven days which causes more than Tk 20,000 against each truck of goods. So we become bound to raise price," Mannan said.
However, Fahamida Zaman, a consumer alleged that all the stakeholders, including millers, wholesalers and the retailers, are involved with price hike conspiracy.
 "Prices of goods in each country across the globe decreases during any festival time but in our country, it is just opposite. Here businesses make syndicate ahead of any festival, including Ramzan, the holy month of Muslims," she said expressing her anger.
After a visit to different kitchen markets in the city, this correspondent found that prices of sugar is different in different markets.
Retailers of Krishi Market in Mohammadpur area were selling sugar at Tk 66 per kg while in Fakirapool market it was found selling at Tk 67 and in Jatrabari area more or less at Tk 65.
Meanwhile, Commerce Minister Tofail Ahmed said prices of some consumable items may increase in the market slightly during Ramzan as demand for those increases significantly during the period.
 "But if we find anyone increasing prices of goods making syndicate, we will not spare any of them," the Minister added.

More News For this Category

aCovid-19 Uncertainty looms over this year's hajj

Staff Reporter :Although millions of Muslims across the world, including those from Bangladesh, have eagerly been waiting to perform hajj in late July this year, uncertainty looms large over their

Thousands of devotees attend the Jumatul Wida, the last Friday of the holy month of Ramadan, prayers at Baitul Mukarram National Mosque in the capital, seeking divine blessings for peace and progress of Bangladesh and unity of the Muslim Ummah.

Thousands of devotees attend the Jumatul Wida, the last Friday of the holy month of Ramadan, prayers at Baitul Mukarram National Mosque in the capital, seeking divine blessings for peace and progress of Bangladesh and unity of the Muslim Ummah.

Eid congregations in mosques only, not open spaces: DMP

Staff Reporter :The Dhaka Metropolitan Police (DMP) on Friday issued a 14-point instruction, signed by DMP Commissioner Shafiqul Islam, for devotees and mosque committees for observing the occasion of Eid-ul-Fitr

ADB approves corporate financial issues over virtual meeting

The Board of Governors of the Asian Development Bank (ADB) on Friday approved its financial statements and allocation of its 2019 net income in its first-ever virtual annual meeting held

Work together to preserve biodiversity: UN Chief

UN Secretary-General Antonio Guterres has urged all to work together to preserve biodiversity and help achieve Sustainable Development Goals (SDGs)."As we seek to build back better from the current crisis,

Momen blasts aid agencies for opposition to Bhasan Char

In a stinging rebuke, Foreign Minister AK Abdul Momen on Friday said the opposition of foreign aid agencies to the government's scheme of relocating the Rohingya refugee population to Bhasan

Hasina phones Mamata, enquires about losses caused by Amphan

Prime Minister Sheikh Hasina on Friday phoned West Bengal Chief Minister Mamata Banerjee and enquired about the damages caused by cyclone Amphan."The Prime Minister phoned the West Bengal Chief Minister

National Moon Sighting Committee meets Saturday

The National Moon Sighting Committee will meet on Saturday evening to decide the date of Eid-ul-Fitr, the biggest religious festival of Muslims.The Islamic Foundation issued a press release in this

'Murder accused' killed in Gazipur 'gunfight'

UNB, Gazipur:An accused in a murder case was killed in a reported gunfight with members of Rapid Action Battalion (RAB) near the Madhumita Railgate area in Tongi on Thursday night.The

Abu Ahmed Mannafi, Dhaka South City unit President of Bangladesh Awami League, distributing Prime Minister's gift packets among the people hit hard by coronavirus shutdown at Sher-E-Bangla Railway School in Kamlapur, Dhaka on Friday. Mazharul Islam Sentu, President of Kamlapur Mosque was also present.

Abu Ahmed Mannafi, Dhaka South City unit President of Bangladesh Awami League, distributing Prime Minister's gift packets among the people hit hard by coronavirus shutdown at Sher-E-Bangla Railway School in Kamlapur, Dhaka on Friday. Mazharul Islam Sentu, President of Kamlapur Mosque was also present.