Industry experts and policymakers have highlighted the importance of digitalized value chains, fair pricing, and interest rate adjustments as key measures to stabilize the prices of essential commodities. These discussions took place at a policy conclave titled ‘Fair Prices of Food Commodities: Exploring Strategies for Market Supervision’, organized by Bonik Barta.
During the event, Dr. Khandaker Golam Moazzem, Research Director at the Center for Policy Dialogue (CPD), emphasized the need for a digitized and integrated food supply chain in Bangladesh to enhance efficiency, transparency, and accessibility. He noted that a lack of comprehensive data limits the effectiveness of market oversight.
Speakers pointed to multiple pricing layers in food procurement, particularly in the rice supply chain, as a key challenge. Discussions also addressed concerns about market concentration, tax policies, and supply chain inefficiencies affecting commodity pricing. Experts suggested sector-specific tax approaches and improved VAT implementation to create a more balanced economic environment.
Banking and financial sector concerns were also raised, with participants citing high non-performing loans and liquidity challenges as hurdles to economic stability. Calls were made for enhanced transparency in loan utilization and policy adjustments to support businesses.
The event also examined the role of digitalization in supply chain management, with comparisons drawn to regional markets that have made progress in formalizing trade through technology-driven solutions. Experts advocated for long-term strategies to integrate digital systems into market supervision.
Stakeholders emphasized the need for policy implementation to encourage market competition, support producers, and ensure stable consumer prices. Discussions concluded with calls for greater oversight, regulatory improvements, and data-driven approaches to strengthen market resilience.
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