Smooth supply vital for stabilising commodity market: FBCCI
At an FBCCI Standing Committee meeting, business leaders emphasized a smooth supply chain to stabilize daily commodity prices. They urged support for small and medium importers, strict control of black markets, and simplified import processes. FBCCI President Mahbubul Alam advocated against black markets, while VP Md. Amin Helaly called for joint government-private sector efforts. Recommendations included creating a commodity database, reopening sugar mills, and enhancing border surveillance.
Business leaders at a discussion highlighted role of a smooth supply chain to keep the prices of all kinds of daily commodities stable.
Instead of depending on a few corporate companies to control the commodity market, they recommended providing equal opportunity to small and medium importers in importing most essential consumer products.
Apart from this, the business leaders also demanded to strictly control the black market of goods in addition to removing the imports related complications.
They were addressing the meeting of the FBCCI Standing Committee on Essential Food Items, held FBCCI office, Matijheel in the capital on Saturday. Md. Golam Mawla, President of Bangladesh Wholesale Edible Oil Traders Association presided over the meeting while Mohammad Enayet Ullah, director of FBCCI and President of Bangladesh Spice Traders Association also spoke.
FBCCI President Mahbubul Alam participated virtually as chief guest in the meeting. He said that FBCCI has already talked to the relevant government agencies to prevent the black market of daily commodities including sugar and spices.
Md. Amin Helaly, Senior Vice President of FBCCI said, markets are unstable due to various reasons. We have to come out of this situation. Market control is not possible without joint move by the government and private sector stakeholders, he added.
In the open discussion, the speakers suggested to create a factual database on the demand, production, stock and supply of daily commodities.
They urged TCB to directly import daily commodities instead of depending on corporate companies for social safety net programmes.
Speakers proposed to reopen the closed sugar mills with public-private initiative to increase the capacity of TCB.
They also suggested to strengthen the border surveillance to stop the smuggling of daily commodities.
FBCCI Directors, Co-Chairman of Standing Committee and members, business leaders were also present in the meeting.
Source Link: https://bangladeshpost.net/posts/smooth-supply-vital-for-stabilising-commodity-market-fbcci-140697
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