market monitoring
DNCRP steps up market monitoring; conducts drives in 21 districts
In a bid to ensure price stability and a steady supply of essential goods, the Directorate of National Consumer Rights Protection (DNCRP) has conducted market drives across 21 districts, imposing fines of Tk 4,70,500 on 61 businesses for various irregularities.
In a media release, the DNCRP said that Thursday’s operations focused on key essential items like potatoes, vegetables, eggs, broiler chickens, lentils, onions, garlic, ginger and edible oils.
Special task forces spearheaded the initiative, conducting drives in Dhaka Metropolitan areas and other districts simultaneously.
In Dhaka, seven teams led by DNCRP officials inspected markets and oversaw pricing compliance. Across the country, a total of 32 teams carried out similar monitoring activities.
Read: E-commerce business must be sustained to build Smart Bangladesh: DNCRP DG
The market monitoring drive aimed to address irregularities and prevent unfair practices amid rising concerns about essential commodity prices.
The DNCRP said that their ongoing drives are part of a broader effort to protect consumer rights and maintain stability in the supply chain.
3 weeks ago
FBCCI calls for market monitoring to control prices
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator, Md. Hafizur Rahman, has called on district chambers to take proactive measures to manage commodity prices and ensure a steady supply of daily necessities.
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During an online exchange meeting with district chamber leaders on Sunday, Rahman emphasized the importance of regular market monitoring to effectively control prices.
He also urged the chambers to remain vigilant in overseeing local markets.
2 months ago
Prices at Banani Market soar moments after ministry's watchful eyes leave!
The prices of vegetables, chicken, beef and other essential commodities rose once again in Banani Kitchen Market following the departure of the Commerce Ministry’s market monitoring team on Thursday.
The prices of various kitchen staples dropped by Tk 15 to Tk 50 when the monitoring team was present, only to return to their previous high levels after the team left the market.
The market inspection took place at around 11 am, led by Sultana Akhter, Deputy Secretary of the Ministry of Commerce.
Magfur Rahman, Assistant Director of the Directorate of National Consumer Rights Protection and other officials were present during the monitoring.
Read: Ban on polythene bags to be enforced in supermarkets from Oct 1, kitchen markets from Nov 1: Environment Adviser
During the visit, the market appeared to comply with the ministry's pricing standards as price lists were visibly hung in different shops, showing beef being sold at Tk 750 per kg, mutton at Tk 1,000, broiler chicken at Tk 200 per kg, Sonali chicken at Tk 280 per kg, eggs at Tk 160 per dozen, potatoes at Tk 55 per kg, green chilli at Tk280 per kg, local onions at Tk 115 per kg, and Indian onions at Tk 110 per kg.
Shortly after the officials left the market, the prices surged again with beef price rising to Tk 780 per kg, while that of broiler chicken to Tk 220 per kg, Sonali chicken to Tk 300 per kg, potatoes to Tk 60 per kg, local onions to Tk 120 per kg, and green chilli to Tk 300 to Tk 320 per kg.
While talking to UNB, a trader said that they were compelled to adhere to the ministry’s price list during the inspection to avoid fines.
“We were warned to follow the prices fixed by the Ministry. But selling at these prices means we can barely cover our costs,” he said.
Jounal went on saying, “The wholesale prices are higher than what is mandated, and we are not at fault here. The wholesale syndicate should be broken first; otherwise, retail traders like us will continue to struggle under such inspections.”
Read more: Essentials’ prices up in Khulna kitchen markets
Most traders in Banani Kitchen Market were already aware of the monitoring team’s visit beforehand, allowing them to prepare and display the ‘appropriate’ prices during the inspection, Joynal added.
2 months ago
Price hikes: Seven businesses fined in market monitoring drive
Two teams of the Ministry of Commerce have fined seven businesses Tk 29,000 while monitoring the market to keep the prices of essential commodities stable.
The monitoring activities were conducted in Dhaka’s New Market kitchen market and Gulshan kitchen market on Sunday afternoon.
In New Market, a team led by Senior Assistant Secretary Md. Mehedi Hasan of the Ministry of Commerce inspected the prices of essential items such as rice, lentils, eggs, and chicken. The team reviewed price lists and receipts of transactions.
A poultry seller was fined TK 2,000 for failing to properly display the price list and for improper record-keeping, while other businesses were issued warnings.
At the Gulshan kitchen market, six businesses were fined a total of TK 27,000 for various irregularities. The inspection team there was led by Deputy Secretary Mansurin Khan Chowdhury.
Officials from various departments under the Ministry of Commerce were present during the inspections.
2 months ago