Commuters bear the brunt of it | The Daily Star
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Prices of essentials rise ahead of Covid restrictions
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Essential Commodities: Prices spike a month ahead of Ramadan
The soaring prices of daily essentials, including edible oil, onion and vegetables, have added to the woes of the people living on a fixed income.
Consumers and market analysts blamed unscrupulous businessmen for the price hike, alleging that they are manipulating the prices ahead of Ramadan beginning in the middle of next month.
Visiting kitchen markets in the capital s Shantinagar, Jatrabari, Shewrapara and Hatirpool areas yesterday, this newspaper found that the prices of essential commodities increased compared to a few weeks ago.
Yesterday, 5-litre bottled soyabean oil was sold for Tk 630 to Tk 650 at Shewrapara bus stop kitchen market, up from Tk 550 to Tk 560 in January.
Govt to tighten grip on commodity market
Sohel Hossain Patwary
8th February, 2021 11:30:37
The government is tightening its grip on the commodity market by introducing a new price-fixing method.
As part of the efforts, the government has formed a nine-member committee to set up a new price-fixing method for 17 commodities, declared as essential commodities.
This move aims to allow the government to have more authority in fixing the prices based on the international or base prices of the widely consumed items.
A total of 17 food items have been declared as essential commodities. These include onion, garlic, lentils, chickpeas, dried chilies, cinnamon, clove, cardamom, seeds of coriander, seeds of cumin, ginger, turmeric, bay leaves, edible soybean oil, edible palm oil, sugar and edible salt.