Editorial, News & commercial office:
55/A, H M Siddique Mansion (Level-7), Purana Paltan, Motijhel C/A, Dhaka-1000. Phone: +8802226640056,
e-mail: [email protected], [email protected]
Concerns over the prices of essential commodities ahead of Ramadan are not new. However, this is not an unsolvable problem. The real question is how much preparation, transparency, and commitment to implementation exist. From the perspective of the Consumers Association of Bangladesh (CAB), there are three main reasons behind market instability during Ramadan: unplanned imports, weak monitoring, and a culture of artificial shortages.
Every year, the same pattern emerges. Even before Ramadan begins, some traders increase prices citing potential shortages, while consumers start panic buying. As a result, market pressure builds even when there is no real shortage.
Why advance planning is essential:
To address this situation, import plans for edible oil, sugar, lentils, chickpeas, and dates must be finalized at least two to three months before Ramadan. Any unnecessary complications in the import process should be resolved quickly. At the same time, the government must regularly inform the public about existing stock levels, incoming shipments, and overall supply conditions. Transparency reduces the scope for rumors.
Monitoring must be continuous:
Seasonal drives alone cannot stabilize the market. Regular monitoring is required at every level—from wholesale to retail. If penalties are minimal, large traders treat them as routine costs. Exemplary actions such as license suspension, substantial fines, or legal proceedings are necessary for repeat offenders.
Competition and ethics:
Effective competition must be ensured to reduce the influence of specific groups. Traders should also remember that Ramadan is a month of restraint and compassion. Ensuring fair prices, rather than excessive profit, should be considered a social responsibility.
Consumers also have responsibilities:
Consumers must act responsibly by avoiding unnecessary stockpiling and purchasing gradually as needed. Panic buying ultimately increases financial pressure on consumers themselves.
In conclusion, stabilizing the Ramadan market is not the government’s responsibility alone. Coordinated efforts among the government, businesses, and consumers are essential. With political will, administrative efficiency, and social responsibility working together, the long-standing trend of price hikes during Ramadan can be changed.
