What we consumers can do to reduce the price of goods during Ramadan

What we consumers can do to reduce the price of goods during Ramadan

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The holy month of Ramadan is almost here. It is heard that the government is taking some steps so that the prices of daily commodities do not increase during Ramadan. It appears to be taking some steps again. Traders are also being warned not to create an artificial crisis in the market by hoarding products.

It has also been said from the top level of the government that if there is evidence of hoarding, there is no forgiveness, the address will be directly ‘Shrighar’.

Government ministers and bureaucrats say that there is no reason for a crisis in Ramadan products which are in the country and are waiting to be released after being imported from abroad. In the meantime, the Prime Minister himself has ordered to reduce the import duty on rice, edible oil, sugar and dates. However, at what rate will the duty on these four products be reduced, and how much will it affect the product price in the market, and when will it be reduced, it remains a ‘question mark’ for now.

The important thing is that people usually like to finish Ramadan markets a little earlier. But how much will it be possible for ordinary people? Because the price of most of the products has already gone up.

More recently, the Food Department has conducted anti-hoarding operations across the country. But it has a special effect? The price of some rice increased up to 10 taka per kg in a span of 10 days and decreased by one taka, one and a half taka in the impact of the campaign. What is a comma?

This question was asked by a rickshaw driver of Dinajpur city. Who recently came to the city market to buy rice on the news of falling prices. District representative of Prothom Alo met him in the market. He complained to him. In Ramadan, the month of moderation, the consumption does not decrease but rather increases quite a bit, this may be a reason for the price increase. When the demand is high, the price increases despite the normal supply of the product in the market. Means is increased. This is entirely due to the greedy mentality of our traders. Then no ethics work in their minds. One thought – earn as much as you can in this one month.
2.
Let us, dear reader, try to discuss the whole matter a little differently. If the supply of goods is good, then why the price increases in Ramadan? This is a very common question.

Consumption during Ramadan, the month of moderation, does not decrease but rather increases quite a bit, which may be a reason for the price increase. When the demand is high, the price increases despite the normal supply of the product in the market. Means is increased. This is entirely due to the greedy mentality of our traders. Then no ethics work in their minds. One thought – earn as much as you can in this one month.

We have not forgotten about last June (2023). The price of onion then touched 100 per kg, the government suddenly allowed the import of onions. Onions started coming out of the warehouse. 30 taka in wholesale and 15 to 20 taka in retail. These are our traders!

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These traders can be disciplined by the government and related trade associations. These traders are sometimes fined by traveling courts on behalf of the government. We sometimes see those videos on social media.

But no action is taken by the business association against the profiteers. But if the business associations were strong, there would be no need for the government to intervene; But the ghost in the fall!

Now let’s come to the mindset of consumers. If traders’ tendency to stockpile is deplorable, then the mentality of consumers to buy more than the requirement of sadaipati is also deplorable. Sometimes it is recommended to buy bulk market of the month like rice, flour, dal, oil, sugar, milk powder, noodles at once. It’s okay; Because the price is a little lower. And it is a little convenient for common people.

But there are many of us, who buy three or four times the product at a time and store it at home. He needs five liters of soybean oil a month, maybe he is buying 15 liters.

We see in caravan market, many people buy goods by car full. But they don’t care, the traders are raising the prices due to the extra demand created due to their excessive purchasing mentality. The victims of this are the common poor people, whose income has not increased even a fraction. Who will bring these consumers of excessive purchasing power under punishment? It seems that there is a need to formulate laws and regulations in this regard.

3.
Also want to talk about reducing consumption. The traders sold the beef in Dhaka market at Tk 800 to Tk 850 per kg, but that meat was sold at Tk 650. When they sold at 650 taka, they must have made a profit, not sold at a loss. Traders have been forced to cut prices as consumers have reduced their beef purchases. There may be other reasons behind this.

Whether onion is 80 taka or 100 taka per kg in the market, what is more important is that there is an opportunity to reduce onion consumption. A part of our annual onion demand is imported. Imports cost precious dollars. Onion consumption can be reduced. If a family consumes 5 kg of onion in a month, it is not impossible to reduce it to 4 kg or even 3 kg.

In fact, it is the responsibility of each of us to minimize the consumption or consumption of the products that we import at the cost of dollars.

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