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The Federation of Bangladesh Chambers of Commerce and Industry on Monday at a programme demanded punitive measures against the manipulators in the egg market.
The country’s apex trade body came up with the demand at the discussion on essential commodities arranged by the FBCCI held at its seminar room in the capital Dhaka.
FBCCI president Md Jashim Uddin who was connected with the programme virtually said, ‘Prices of eggs went up by Tk 3 each overnight and declined right after the drive of the government agencies which clearly meant there was a certain manipulation.’
He urged the Directorate of National Consumers Right Protection to go for punitive measures against the culprit if the agency finds anybody liable for the recent price hike of the eggs.
It’s a common trend of raising prices while the global market goes up. A handful of businesspeople always try to misuse the opportunity, he said.
He said, ‘If the tendency continues, it will hamper the reputation of the business community and we have to be united to find the culprits.’
He also urged the government to break the monopoly. FBCCI senior vice-president Mostofa Azad Chowdhury Babu said the market manipulation raised question about business ethics.
‘It distorted the image of the business community. If there was any breach of law, any inconsistency, the government must take punitive measures and the FBCCI would stay by the government.’ he added.
Directorate of the National Consumer Rights Protection director general AHM Shafiquzzaman said that the manipulation in the egg market was clear and those who had done it, depraved the whole business society.
‘The price of the eggs declined by Tk 30 to Tk 35 in a 3-day drive, proving that a party manipulated the market mechanism,’ he said.
Amongst others, FBCCI vice-presidents Md Amin Helaly, Md Habib Ullah Dawn, directors and secretary general Mohammad Mahfuzul Hoque were also present.
(NA)
