Hoping to stabilize potato prices, the government of Bangladesh is considering imports. Currently, retail rates are defying the government-set maximum retail price of Tk 36 per kg, according to a top official.
"We are closely monitoring the situation. If potato prices do not stabilise within the next two to three days, we will proceed with import," said AHM Safiquzzaman, additional commerce secretary and head of the consumers' right directorate.
The government set the maximum retail price of potatoes at Tk36 per kg on September 14. Despite interventions, Dhaka city continues to see prices ranging from Tk 48 to Tk 55 per kg, surpassing the government rates by a large margin.
Director General of the consumers' right directorate AHM Safiquzzaman said the Commerce Minister is actively exploring import options to restore market stability.
[ Tk100 = €0.85 ]