The Ministry of Commerce will form a fact-finding committee to investigate the reasons behind the unusual price gap between wholesale and retail markets, Commerce Minister Khandakar Abdul Muktadir said on Sunday.

“The committee will include representatives from the business community, members of the administration and, if necessary, professionals from other sectors to examine the issue and submit recommendations,” the minister made the remarks after visiting the Khatunganj wholesale market and attending a views-exchange meeting titled “Middle East Conflict: Review of Supply and Price Situation of Consumer Goods” held at the conference room of the Khatunganj Trade and Industries Association.

He said unacceptable price disparities are often observed between wholesale and retail markets, and the committee will investigate the underlying causes of such differences. “Bangladesh is still largely an import-dependent country. If international prices rise, the US dollar appreciates or transportation costs increase, it is natural that the domestic market will feel the impact.”

However, the government remains vigilant to ensure that prices do not rise irrationally due to internal mismanagement or market control issues, he added.

Regarding fruit imports, the minister said some fruits such as apples, grapes and oranges should remain affordable for ordinary consumers. 

“If necessary, the government will consider policy measures to keep the prices of such fruits within people’s purchasing capacity,” he said, adding that there is no need to reduce duties on excessively expensive luxury fruits.

Highlighting the role of traders in a free market economy, Muktadir said traders are the main driving force of business and commerce.

“The government’s role is to ensure a conducive environment for business and investment and to make sure the market operates smoothly,” he said, also instructing authorities to avoid unnecessary harassment of traders during market monitoring drives.

Calling on traders to show restraint during Ramadan, the minister said if businesses ensure fair prices prioritising public interest during the holy month, it would set a positive example in society.

He said the edible oil market has remained relatively stable during Ramadan this year, describing it as a positive development compared to previous decades.

However, the minister expressed concern that in some cases traders are charging higher prices despite adequate supply of edible oil, citing limited sales as an excuse.

The meeting, chaired by Khatunganj Trade and Industries Association President Md Abdus Salam, was attended by Commerce Ministry Secretary Mahbubur Rahman, Chittagong Deputy Commissioner Mohammad Zahidul Islam Miah, wholesale traders, officials and media representatives.