FBCCI Urges Private Sector to Maintain Commodity Price Stability

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator Md. Abdur Rahim Khan today called upon all associated chambers, associations, and businessmen to exercise responsibility in maintaining stable prices and supply of essential commodities, including rice, sugar, edible oil, onion, and dates.

The appeal was made at a discussion meeting with businessmen and stakeholders at the FBCCI’s Motijheel office today. Khan emphasized in his address that achieving market stability requires a coordinated effort involving the government, the private sector, and the media, asserting that the government cannot manage the commodity market unilaterally, said an FBCCI press release.

The session commenced with a detailed market report presented by FBCCI Secretary General Md. Alamgir. Traders stressed that maintaining a stable supply by mill owners is crucial for market calm ahead of the Holy Month of Ramadan. Mill owners, despite favorable global sugar prices, raised concerns that recurrent winter gas supply disruptions could severely impede their production capabilities.

To ensure broader market normalization, business leaders proposed revisiting duties on specific commodities and suggested the government should actively participate in edible oil imports to bolster private sector efforts.

FBCCI Administrator Md. Abdur Rahim Khan assured the attendees that all valuable suggestions and opinions gathered from the meeting would be appropriately compiled and presented to the relevant authorities for their consideration. The meeting concluded with the attendance of former FBCCI directors, leaders from various chambers and associations, representatives from several market committees, and representatives from government bodies, including the Ministry of Commerce, NBR, Trade and Tariff Commission and others.