Thursday , January 28 2021

The Minister of Commerce has “problems” with two products



Ten rupees per kg have increased and only two rupees have decreased in the last two days. Rice prices remain at an unbearable level. No one knows when he will return to his previous position or at all. Rice prices have risen steadily in the market over the past three to four months. The goal was not achieved by allowing imports to increase the supply of rice to the market. The rice market could not be tolerated even after reducing tariffs to encourage imports. The government is majoring rice in the GTZ system with India. This rice has also started to hit the market. But the market price of rice is still not low.

On the other hand, farmers and traders have problems as onions arrive in Bangladesh from India. Because now no one buys onions imported from Egypt and Turkey. This product of his is decaying. As a result, they suffer losses. If Indian onions continue to arrive, the price of onions produced in the country will go down, which will hurt the country’s farmers. Therefore, the government has imposed 10% import duties on onions. However, there is great doubt about its impact on the market. In this situation, the Minister of Commerce, Tipu Munshi, has problems with these two products. This information has come to light after speaking with stakeholders from the Ministry of Commerce.

According to sources, the Ministry of Food is in charge of taking care of the rice and wheat in the country. Ministry of Agriculture studying rice production. The Ministry of Commerce allows the import of rice or wheat. The National Revenue Board (NBR) of the Ministry of Finance is responsible for overseeing the imposition or reduction of duties on imports of wheat and rice. But if the price of rice goes up or farmers in the country are harmed by the opportunity to import onions, the Minister of Commerce or that ministry is to blame everywhere. However, neither the import nor the production of rice is the responsibility of the Ministry of Commerce. Even then the Minister of Commerce was criticized. Trade Minister Tipu Munshi has long been embarrassed and distressed by these two products.

He said the Ministry of Agriculture is in charge of the issue of rice production. The Ministry of Food is responsible for the storage and supply of rice to the market. The Ministry of Commerce is not responsible for any failure or achievement if production is scarce or strong. On the other hand, if stocks are reduced or increased, their failure or credit does not fall to the Ministry of Commerce. The Ministry of Commerce does not have the authority to decide on imports if there is a shortage in rice production. These are the responsibilities of the Ministry of Food. Only the Ministry of Commerce allows the decision to import. However, many blame the Ministry of Commerce for any crisis over rice. However, if anyone complains about the price of rice on the market, the Department of Consumer Protection, an agency of the Ministry of Commerce, monitors it. For this, the officials of the organization fined the prison through the mobile court.

On the other hand, to protect the country’s farmers from onion production, the Ministry of Commerce only recommended the imposition of tariffs on imported onions to deter imports. It is up to the BNR to decide whether tariffs will be imposed. The Ministry of Commerce has nothing else to do. But the Ministry of Commerce is responsible for it.

Meanwhile, traders claim they are constantly losing money due to government indecision. New onions have begun to grow in farmers ’homes. India has also given up onions made in the previous LC. So onions also come from India. Under these circumstances, the market for onions imported from Egypt, Turkey and Myanmar has collapsed.

It can be mentioned that on September 14, when India stopped exporting onions, onion prices in the country’s market started to skyrocket. To control the market, the government allowed the import of onions from alternative countries. The government also matters to TRACEL through TCB. When India reopened the export market on December 26, the demand for imported onions fell sharply. However, demand declined due to the arrival on the market of the new onion season. Along with demand, the price was also halved. According to vendors, these onions do not look good for many days after being unloaded from frozen containers and rot.

According to the port of Chittagong, the daily discharge of onions has been reduced to 50 tons. But before opening the door to Indian exports, an average of one to two thousand tons a day was unloaded. Because the discharge is smaller, the pile of onions in the port does not decrease. In total, there are now 28,000 tonnes of onions in the port, which is about 96,000 rupees in Bangladeshi currency. Importers, TCBs and sellers can’t say what will happen to these onions now.

Asked about this, onion importer Khorshed Ali said: “On the advice and request of the government, we have imported onions from Egypt and Turkey at great commercial risk.” Many onions are still in port waiting to be unloaded. I can’t think if these onions will be in port or unloaded. Because there is no demand for this onion in the market. Such a safe loss, that’s all I can say for sure.

Meanwhile, the report of the Bangladesh Trade Corporation (TCB) said that in the last week (December 28 and 29) the price of chikon rice has risen by 2.44 per cent and is sold at 60 to 7 Tk per kg. The price of medium quality pajamas and Latashail rice for the indigent has increased by 1.60% and is sold at 53 to 60 Tk per kg. However, on December 26, the day before the rise in prices, existing import duties on rice have been reduced from 72.5% to 25%. On June 8, the government reduced import duties by a further 10%.

The information was obtained by searching for Konapara Bazaar, Kawran Bazaar, Badamtali Bazaar, Sutrapur Bazaar, Shahjahanpur, Malibagh Bazaar, Shyambazar, Kachukhet Bazaar, Rahmatganj Bazaar, Rampura, Mirpur-1 Bazaar, Moulvibazar, Mohakhali Bazaar, Uttara Azampur. According to rice traders in these markets, there is no doubt that the price of rice has risen due to the millers. The government minister has also made this information public.

Layek Ali, general secretary of the Bangladesh Auto Major and Husking Mill Owners Association, an association of rice mill owners, said the price of rice was high, so the price of rice had risen. If the price of rice goes up, the price of rice will go up, that’s normal. No one blames farmers if the price of rice goes up, but everyone blames the millers if the price of rice goes up for that reason. In fact, millers are now suffering losses due to the price of paddy, and no one in the government is paying attention.

Recently, the Minister of Agriculture. Abdur Razzak said the price of rice has gone up due to the manipulation of the millers. The owners of rice mills (millers) have manipulated the price of rice in the market. He said the government would import 5 to 6 lakhs of tons of rice to fix the rice production deficit. Rice has also declined in government warehouses. At this time last year, government warehouses had about 1.3 million tonnes of food grains, but this time it has been reduced to 6 million tonnes. That is why it has been decided to import 5 to 6 lakh tons of rice.

In this regard, said Food Minister Sadhan Chandra Majumder, that rice is being important to increase supply. Rice import duties have already been reduced at an unusual rate. Hopefully, the relief will return to the rice market in a few days.




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