Bakery price hike on biscuits, bread put on hold.
he 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 today.
The decision was taken at a meeting held at the Ministry of Commerce with Commerce Minister
Khandakar Abdul Muktadir in the chair, said 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.
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.
