A market without reins

The overnight increase in commodity prices has become a common phenomenon during Ramadan every year. While the government assures us of adequate stocks of essential commodities, traders insist that we have to buy them at elevated prices. But customers' incomes don't rise with the increasing price of commodities, so they are forced to limit their purchases, their spending on transportation, medication and education, and even food consumption of children and elderly people.

One kg of Rui fish would cost TK 270 just four days ago. Now, it costs TK 350 per kg. Lack of proper governance and willingness of the authorities to curb the prices, lobbying by businesses using political influence, lack of implementation of the Consumer Rights Protection Act, and the culture of impunity, all contribute in normalising this trend of charging higher prices during Ramadan. As one of the millions suffering right now, I urge the government to take proper action. 

Md. Jonny Hossain

By email