Commodity prices are rising sharply in Bangladesh.

in beingsocial •  3 years ago 

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People are constantly upset by the rising prices of commodities. Running a family is miserable. Lower and lower middle class people have become more vulnerable due to higher prices of commodities.
It is becoming difficult to make a living. The prices of every commodity have gone up sharply, especially food items. Commodity prices have risen sharply in recent months, especially since last month's rise in fuel oil prices.

Most people are blaming the government's failure on rising commodity prices. Syndicates are the main reason for the rise in food prices. The syndicate went out of control. This means that many traders (members of the syndicate) stockpile goods and sell at higher prices to make more profit. Traders buy goods at lower prices but they later sell them at higher prices through stockpiling. The government should control prices and keep them stable during this time. The government should also stockpile goods, and keep prices under control by supplying goods at lower prices as traders continue to raise prices. And the price of each product is fixed. But not so much this year. Hope it will normal soon.

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