Officials see no virus impact on commodity prices

Bangladesh Sangbad Sangstha . Dhaka | Published at 11:27pm on February 26, 2020

There is no possibility of having impact of coronavirus on the prices of essential commodities as the country has sufficient stock and supply of all products, officials said.

They told an inter-ministerial meeting that garments industry in Bangladesh was facing some problems in supply chain due to coronavirus, but there was no negative impact on the export of readymade garment products.

The high level inter-ministerial meeting on ‘Prevention and treatment of COVID-19 and fixing measures to face the impact of Coronavirus on Bangladesh’s Economy’ was held at the Prime Minister’s Office  in the city on Monday, said an official of the PMO on Wednesday.

PMO principal secretary Ahmad Kaikaus presided over the meeting while finance secretary Abdur Rouf Talukder, senior secretary of the Banking and Financial Institutions Division Md Ashadul Islam, commerce secretary Md Jafar Uddin, Internal Resources Secretary and National Board of Revenue chairman Abu Hena Md Rahmatul Muneem, Bangladesh Bank deputy governor and senior officials of the different ministries, divisions and departments attended the meeting.

Kaikaus asked the health ministry to ensure 100 per cent thermal scanning at different borders and airports, including Hazrat Shahjalal International Airport, for inbound passengers from different countries, including China.

He put emphasis on making short, medium and long term contingency plans and implementing the plans in stipulated time and continuing the increasing trend of import, export and remittance for achieving the target of economic growth.

Rouf expressed his hope that the country would achieve higher growth in the current fiscal due to increasing investment in the economic zones and ongoing mega projects.

Jafar said that the importers of the country had issued import orders for machinery, raw materials and chemicals of garments industry and onion, garlic, ginger and others essential commodities before the Chinese New Year.

‘Bangladesh is also importing essential commodities from India, Myanmar, Egypt and Turkey. So there is sufficient supply and stock of essential commodities in the market,’ he added.