No immediate price hike for bakery items, report due in seven days

Traders have agreed not to increase prices of bakery products immediately following a meeting with the government.

The decision was taken during a meeting between the trade leaders and Commerce Minister Khandaker Abdul Muktadir at the latter’s office on Tuesday evening.

During the meeting, detailed discussion was held on the recent announcement by the traders to increase prices of bakery items along with the costs associated with the production and the marketing of the items.

Trade leaders agreed to postpone their decision to increase the prices of biscuits and bread after holding the meeting with the minister.

Meanwhile, a committee has been formed to review the costs associated with the production and marketing of bakery items, which will be led by the chairman of Bangladesh Trade and Tariff Commission.

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The government had directed the committee to submit the report within the next seven days. The next decision will be taken after reviewing the findings of the report.

Secretary of the Ministry of Commerce Md Ataur Rahman Khan, Commission Chairman Nasir-ud-Daulah, National Consumers’ Rights Protection Directorate Director General Md Zahirul Islam and trade leaders were present at the meeting.