FBCCI demands end to extortion on streets to control prices in Ramadan

The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) on Sunday demanded an end to extortion on the streets to control the supply and price of products during Ramadan.

This demand came from the 1st meeting of the FBCCI Standing Committee on Raw Material, Wholesalers, and Suppliers, held at the FBCCI Building at Motijheel in Dhaka, reports UNB.
The federation leaders said the retailers and wholesalers (Arothder) of this sector should be proactive in ensuring that the prices of essential kachamal/ Kacha vegetables including pepper, potato, cucumber and brinjal remain normal during Ramadan and no dishonest person can create an artificial crisis.

At the same time, the businessmen have demanded to stop extortion on the roads to control the supply and price of products.

FBCCI President Mahbubul Alam attended the meeting virtually. He urged the businessmen of this sector to play a more active role so that no one could create an artificial crisis by jeopardising the common people.

The FBCCI president called upon the business leaders of this sector to maintain the smooth supply of products.

Senior Vice President of FBCCI Md Amin Helali said, about 2.20 lakh metric tons of vegetables are produced in the country every year. About 50 percent of which is wasted due to lack of proper storage systems.

Accurate statistics and conservation measures are essential for the development of this situation, he said.

Besides, he demanded the authorities to take necessary measures to stop extortion on the roads to control the supply and price of products.

FBCCI’s directors, and business leaders of different sectors participated in the meeting.