Tue, 7, January, 2025, 2:13 am

Businesses’ influence on market too strong: Salehuddin

Businesses’ influence on market too strong: Salehuddin

Shawdesh desk:

Finance adviser Salehuddin Ahmed on Wednesday said that the country’s businesses were very strong in terms of maintaining a marketing system which was almost impossible to break for checking commodity prices.

The finance adviser was talking to reporters after a meeting of the advisory council on government purchase at the secretariat in the capital Dhaka.

 

Calling them not homogenous, the finance adviser said that a few were big businesses, some were mediocre engaged in importing and the others were agents or delivery order providers.

‘Altogether it’s a complex issue and hardly to crack,’ said the finance adviser while responding questions regarding the price volatility on the commodity market.

He also feared of artificial crisis in case of making crackdowns in all levels of the marketing.

The finance minister was also critical to consumers, saying that the consumers were lenient.

He said that they were trying to maintain enough supply of essentials before Ramadan, the fasting month for the Muslims.

Salehuddin said that they continued to procure essential goods like rice, soya bean oil, lentil, liquefied natural gas and fertiliser.

M/S Bagadiya Brothers Pvt Limited won the contract of providing 50,000 tonnes of non-basmati rice in an open bidding quoting $456.2 a tonne.

M/S Total Energies Gas and Power Ltd of Switzerland will supply two cargoes of liquefied natural gas with per unit costing $13.8 for the first cargo and $14.25 for the second cargo.

Besides, the advisory committee approved procurement of 1.1 crore litres of soya bean oil from local refinery City Edible Oil Ltd with per litre costing Tk 172.25 and 10,000 tonnes of lentil from Sheikh Agro Food Industries with per kilogram costing Tk 95.40.

Approval was also given for importing 90,000 tonnes of fertiliser.

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