Though the people are reeling from the price hike of essentials, the government agencies concerned could not reign in the prices ahead of the Eid, said Consumers Association of Bangladesh.

A bill with a provision of maximum lifetime imprisonment for illegal hoarding of foodstuff was placed in parliament today

Hours after a meeting with the commerce ministry, Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association yesterday reduced the price of soybean oil by Tk 10 per litre.

State-owned Trading Corporation of Bangladesh will start selling sugar from today to the family card holders for Tk 70 a kg, a rise by 16 percent or Tk 10 from the previous price.

State Minister for Industries Kamal Ahmed Majumder yesterday said ministers concerned should quit if they can’t break up syndicates controlling the economy and essentials’ market.

The government on Monday approved the refiners’ proposal for rising the retail price of sugar by Tk 16 a kg in accordance with the price hike in the international market.

Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters.

Local biscuits manufacturing giant Olympic Industries today said its profit jumped 42 per cent in the first three quarters of the current financial year of 2022-23, powered by increased sales revenue.

Faruk Hossain, a Begunbari resident, went to the capital’s Karwan Bazar yesterday for his monthly grocery shopping with the hope of buying all items spending the same amount of money he spent last month.

The upazila administration and agriculture department have asked farmers to quickly harvest boro rice in the Kawadighi Haor area of Rajnagar upazila of Moulvibazar as there are possibilities of sudden thunderstorms and hailstorms in the area

Within two weeks, the price of sugar increased by Tk 20 per kg at retail.

World Bank report shows

The committee set a procurement target of 4 lakh tonnes of paddy and 12.5 lakh tonnes of parboiled rice for the upcoming Boro season during a meeting at the Secretariat

But consumption of non-cereal, protein, vegetables continue rising

The Cabinet today cleared the draft of "Production, Storage, Transfer, Transportation, Supply, Distribution and Marketing of Food Products (Prevention of Prejudicial Activity) Act, 2023" keeping the provision of maximum lifetime imprisonment in the proposed law

The United Nations food agency's world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia's invasion of Ukraine

Industries Minister Nurul Majid Mahmud Humayun says

MA Khair Chowdhury passed the Segunbagicha kitchen market disappointed.

The price of broiler chicken has started falling at the retail level in Bangladesh as four major poultry companies are now selling the meat for a maximum of Tk 195 per kg directly from their farms

There are at least three laws and as many government bodies to protect the consumers from price manipulation, but it goes on unabated due to lax enforcement of the laws and a lack of coordination among the government organisations, say commodity experts.