After Commerce Minister Tipu Munshi, another minister has conceded that it is “very difficult” to break up syndicates of traders behind price gouging of commodities such as onions, eggs and chicken. It depends on demand and supply situation.”“Prices will automatically fall if supply increases – this is the basic rule. But it’s actually very difficult to break them up.”The agriculture minister said the government was trying to keep the onion market stable, the latest concern of citizens about price rise, as new Indian export duty has led to a price hike in Bangladesh. Razzaque blamed a fall in domestic production for the situation in the onion market. “Onion prices fall abnormally during harvest by the end of March and early April.

Source: bd News24 August 22, 2023 07:16 UTC