Bangladesh
Food Minister Raised prices in four days, now reduce them in four days: Food Minister to traders
Dhaka, Jan 18: Food Minister Sadhan Chandra Majumdar has given an ultimatum to traders to reduce the price of rice within the next four days. If the price is not reduced within the deadline, strict action will be taken as per law.
The minister made the announcement in a meeting with rice mill owners, wholesale and retail traders and their representatives at the Food Directorate on Wednesday.
Addressing the rice traders, he said that when the government was busy with the elections, it increased the price of rice by 6 rupees in the country's market within four days. Now in the next four days will reduce this price.
The minister said, "At that time you increased the price by leaps and bounds. Now reduce it like that. If not, strict action will be taken according to the law. Because this price increase is completely unreasonable. There is no reason to increase the price, during the peak season of Aman."
Stating that the arguments of the traders behind the price increase are not acceptable, the food minister said, "We cannot accept the arguments given by the traders behind the increase in the price of rice during the peak season. Suddenly they raised the price of rice abnormally during the formation of the government. They should not accept this immoral act."
He said that unscrupulous traders are hoarding rice. Some traders are only interested in profit. If they don't have conscience, they don't have honesty then it's a big problem. There is no way to increase the price by six rupees in four days. It has become greed.
He asked the businessmen whether they can reduce the price within four days. The traders then promised the food minister to reduce the prices within four days.
Then the minister said this promise should be right.
He added, "Now those who have stored paddy and rice without license, we will catch them. The process has already started."
