September 4, 2024

 

Bangladesh vows to stabilise poultry prices amid production challenges

 
 


The Directorate of National Consumers' Right Protection and the Competition Commission in Bangladesh have pledged to ensure that poultry prices remain stable from the producer to the consumer level, The Business Standard reported.

 

This announcement was made by the country's Finance and Commerce Adviser Salehuddin Ahmed following a meeting with representatives from the poultry sector held at Bangladesh's Ministry of Commerce today.

 

During the meeting, Salehuddin stated, "We have engaged in discussions with both small and large producers, traders, and marketers across the country. They informed us that recent floods have disrupted poultry production. However, producers have assured us that they will soon restore production levels."

 

He said they have made it clear to producers that they cannot seek excessive profits beyond the costs of production.

 

Salehuddin highlighted the need to incentivise traders to contribute to the country's development. "To achieve true development, we must motivate traders. This is why we are engaging with traders from almost all sectors, with a particular focus on how to reduce prices for essential goods like eggs, chickens, and chicks," he said.

 

Addressing concerns about potential price manipulation by syndicates, Salehuddin remarked, "Traders often attempt to make additional profits. However, we are confident that we can address this issue moving forward."

 

He also pointed out the impact of declining oil prices on transportation costs, urging traders to reflect these savings in lower prices. "We have informed traders that with the recent drop in oil prices, transportation costs should decrease, and they must lower their prices accordingly. In Bangladesh, prices often remain high once they increase, but we will not allow that to happen," he added.

 

When questioned about the possibility of setting fixed prices for eggs and chickens, Salehuddin acknowledged the potential need for such measures. "If the situation worsens, we might set prices for eggs and chickens. The Department of Agricultural Marketing can manage this if necessary, and the Tariff Commission can help," he said.

 

Reflecting on commodity prices since the new government took office, Salehuddin concluded, "Prices aren't too bad right now, but we are working to improve the situation further."

 

-      The Business Standard

Video >

Follow Us

FacebookTwitterLinkedIn