Internet Edition. January 14, 2008, Updated: Bangladesh Time 12:00 AM 
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Move against price spiral: Joint Forces to monitor market

Staff Reporter

The joint forces will start monitoring city markets to control the price of rice, flour and edible oil from January 18.

Disclosing this at a joint meeting with importers, wholesalers and retailers at the BDR Headquarters Director General of the border security forces Maj Gen MA Hanif urged the government to set up a price commission.

Gen Hanif said if somebody stocks the three products more than needed action would be taken against them.

He said, “If we start monitoring the markets from January 18, the prices of the three essential commodities will surely comedown gradually.”

After the meeting the BDR urged the government to set up a price commission for bringing stability in the market.

The joint forces has decided to monitor the markets after abnormal price hike of rice, flour and edible oil from the last week of December for which the consumers are suffering a lot.

The businessmen present at the meeting asked the government to increase imports for ensuring proper supply to the market according to the demands.

Abul Hashem a rice trader said if we could not ensure proper supply to the markets according to the demands then the price hike is inevitable. “So the government should increase import of rice, flour and edible oil for controlling price hike,” he added.

While monitoring the markets the joint forces will inspect whether somebody stocks more than needed and will try to curtail the profits of the middlemen.

The joint forces urged importers, wholesalers and retailers to issue money receipts to cut down the profit margin of the sellers.

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