Commerce Minister Tipu Munshi said on Monday that the government is trying to import wheat from five alternative sources, including Ukraine after India banned the exports of the food grain.
India has announced a ban on wheat exports amid the devaluation of taka against the US dollar, he said while addressing a dialogue organised by Bangladesh Secretariat Reporters Forum (BSRF) at the Secretariat.
“But hopefully, India will consider it in case of neighbouring countries. We are continuing negotiations,” he added.
The minister said the government, instead of controlling the market of daily commodities, should work to keep it stable.
“We are business friendly. We fix the price in line with the global market. If there is a fixed price in the market, the market will remain stable,” said the minister.
He said when the situation in the global market is stable the domestic market also stays stable.
There is a minor issue with the prices of edible oil, sugar and lentils.
“We have to import 90 per cent of the edible oil. The price increases in our country in line with the global market,” he added.
The Russia-Ukraine war has had a huge impact on the food products, he said. And so the minister urged all to be accommodative as there is some crisis ahead.