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In Bangladesh, Government fixes prices of essential commodities to check retail inflation

In Bangladesh, Commerce Minister Tipu Munshi on Thursday fixed the price of potatoes, onions, sugar, soybean and eggs to check the retail inflation.  The Minister said during the press conference that the government has decided to operate drives across the country and enhance monitoring to ensure the selling of these goods at the prices fixed by it.

Earlier, the Commerce Ministry sought recommendations from the ministries based on the production and marketing costs of these goods.

Mr. Munshi said, the government has also decided to allow the import of eggs if the prices do not come down in the market. 

The ministry set prices of eggs at Tk 12 per piece at the retail level. The ministry also set prices of onions at Tk 64-65 per kg, potatoes at Tk 35-36 per kg, bottled soybean oil at Tk 169 per liter, open (loose) soybean at Tk 149 per liter, and palm oil at Tk 124 per liter. The sugar (open) price was fixed at 120 per kg, while the packaged sugar was at Tk 135 per kg.