Bakery product price hike put on hold
The decision was taken at a meeting held at the Ministry of Commerce with Commerce Minister Khandakar Abdul Muktadir in the chair
The proposed price hike of bakery products, including biscuits and bread has been put on hold for the time being following a meeting between the government and business leaders yesterday (15 September).
The decision was taken at a meeting held at the Ministry of Commerce with Commerce Minister Khandakar Abdul Muktadir in the chair, according to a press release.
The meeting discussed in detail the recent announcement by businesses to increase prices of bakery products and the costs involved in their production and marketing.
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Representatives of relevant business organisations attended the meeting.
Following the discussion, business leaders agreed to keep the decision to increase the prices of biscuits and bread suspended for the time being.
Meanwhile, a committee headed by the chairman of the Bangladesh Trade and Tariff Commission (BTTC) has been formed to review the costs related to the production and marketing of bakery products, prices of raw materials, taxes and duties, and other relevant issues.
The committee has been asked to submit its report within seven days. The government will take further decisions after reviewing the issues concerned based on the committee's report.
The government said at the meeting that it would take initiatives to keep the market of essential food items stable, giving the highest priority to public and consumer interests without causing losses to businesses.
It also said necessary measures would be taken in coordination with all relevant stakeholders to ensure the supply of products at reasonable prices.
Commerce Secretary Md Ataur Rahman Khan and leaders of bakery product businesses were present at the meeting.
