During Ramadan, the cost of every food item deemed sacrosanct for iftar is at an all-time high. At the moment, their prices are wildly fluctuating. The government says that prices will soon be regulated in response to this problem that the general public faces, but the actual situation appears to be different. Let's take the time to read this study and learn about the Bangladeshi market.
Working families have been particularly affected by price increases. A former government official voiced concerns about the rise in costs of necessities during Ramadan, according to a Bangladeshi news agency. He said he has had to reduce his purchases of meat and fruits. Additionally, he charged that the government had failed to regulate the market, allowing dealers to take advantage of the circumstances.
In another case, a private school teacher claims that her family is solely dependent on her meager salary because her husband is unemployed. She stated that she does not make enough money to pay for anything in the house. She bemoaned the fact that although the government consistently promises price reductions, the market has not yet reflected this.
According to the vice president of the Consumers Association of bangladesh (CAB), the syndicates have just modified their strategies and are still in charge of setting pricing despite recent political upheavals. The establishment of an efficient system of pricing regulation at all levels, from importers to retailers, has been suggested by CAB. According to him, customers will continue to pay more until such a strategy is put into place. Additionally, he stated that hoarding is driving up the cost of necessities.
In the marketplaces of Dhaka, food costs have been steadily increasing. Chickpeas are currently selling for 110 taka per kilogram, while dates have recently increased in price to between 350 and 1,700 taka per kilogram. Soybean oil now costs 175 takas per liter, while packaged sugar costs 170 takas per kilogram. At the moment, customers are worried about the costs that are going up. Compared to last year, these prices have increased by almost 25%.
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