Wholesale Spice Traders Association has said there is no possibility of price hike in spices as there is no shortage of spices in the market ahead of Eid-ul-Azha.
Md. Enayet Ullah, president of association, said this during a discussion on stocks, imports, supply and price situation of daily essential commodities organised by FBCCI on Wednesday with Moulvibazar Traders’ Association, reports UNB.
President of Moulavibazar Traders Association Syed Md. Bashir Uddin said if anyone attempts to manipulate the market ahead of Eid, the association will take punitive action as per the rules.
FBCCI President Md. Jashim Uddin called upon the businessmen to run their business with honesty.
He said that the whole world is going through an unusual situation right now and traders need to be more responsible at that time.
The FBCCI will not take responsibility for a few dishonest businessmen, he said.
The president also said that 99 percent businessmen do their business fairly, and they should work together to prevent a handful of dishonest traders.
The FBCCI chief further urged the shop owners’ associations to control the retail market price.
At the same time, he called upon the traders for decreasing the prices in festivals as the other countries do.
He said that the Control of Essential Commodities Act is a very old one.
“As the country has been developing fast over the recent years and the trend will be continued further, the Essential Commodities Act should be amended.”
In this connection, he said FBCCI has already discussed with the Commerce Ministry and Consumer Rights Protection Department in this regard.
Md. Jashim Uddin said that the forthcoming budget is a very crucial one due to the current world perspective.
He said that giving relief to the people and curbing the inflation should be the priorities in the upcoming budget.
Tax and duty burden on daily essentials should be taken away and the revenue can be collected from imposing extra tax on luxury items, he added.
FBCCI Director Abu Motaleb, Harun Or Roshid, Former President of Moulvibazar Babosayee Samity Alhaj Abdur Razzak, General Secretary of the present Committee Azmol Hossain Bablu also spoke at the meeting.
Among others, FBCCI Vice-President Md. Amin Helaly, Md. Habib Ullah Dawn, M A Razzak Khan Raj were also present at the discussion meeting.
After the meeting, the FBCCI leaders visited a number of wholesale shops at Moulavibazar.
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