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Now is the time to build a buyer syndicate

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Let’s start with two facts

The fact is like this – the price of onion has increased in the various bazaars of Joypurhat like the bazaars of the whole country. Traders started selling onions at Tk 120 per kg instead of Tk 200 after seeing the traveling court magistrate in Newhat market of the city. Today Monday (December 11) morning in the city at the time of the raid in Newhat market, ordinary buyers also rushed to buy onions. During the campaign, the price of onion was Tk 120.

The price of onion has also decreased in Tangail within a day. At the retail level, new onions are being sold at Tk 120 and old ones are being sold at Tk 150. Even a day ago this onion was sold at 180 to 220 taka.

That is, the price of onion is Rs 80 per kg due to the Magistrate in Joypurhat or the administration monitoring in Tangail. This does not mean, however, that the sellers have sold onions at a loss. This means, the trader was taking an extra 80 rupees on the profit. It is not only unethical but also illegal in Bangladesh. And this illegal work has been done by the businessmen of this country at different times. Especially by raising the prices of daily necessities and taking out extra money from the pockets of the buyers.

The question is, will the buyers continue to cheat like this? The simple answer is, no. In this way they cannot cheat for long. So what to do? Businessmen have shown you what to do. They are increasing the prices of goods by joining forces. This is simply called Syndicate. Common people all know that the traders are increasing the prices by syndicating. Buyers now have to respond against this syndicate. Before that, I would like to remind you of a recent incident.

You must remember, a few days ago beef was sold for 750 to 800 taka per kg. Most recently the price of beef has come down to 550 rupees. It is now seen to be sold between Tk 550-650 depending on the market. Now the sellers have fixed the price of beef at a maximum of Tk 650 per kg till January 7. Less than this is available somewhere. If you think traders have lowered the price of beef because of you, you are living in a fool’s paradise. Your contribution to this price reduction is the biggest. Put more simply, you are the one who lowered the price of beef. How is that? saying Before that, let’s talk about three more incidents.

Case-1: Enayet Karim is my neighbor in the Mahanagar project residential area of ​​Dhaka. Since I am a journalist he thinks ‘I know everything’. Because of this, he talks to me about various things. He wants to know from me about these elections, politics, American pressure, and I noticed that he listens to me with great interest.

A couple of months ago, one morning he suddenly asked me, do you know anything about the price of beef? I don’t understand the type of question. I said, mean? He replied, brother, do you know how much money a seller earns by selling a kilogram of beef? Maybe this is the first time he understood, I don’t know the answer. So he said minimum (at least) 200 to 250 taka. I was really surprised. What do you say? He said, indeed, I have checked. Want to know how?

In reply Enayet Karim said that some of them in the area bought a cow and slaughtered it and shared the meat. After calculating all the costs, the average price of one kg of meat has fallen below 500 rupees. I guess the sellers have to pay rent for the shop. Some subscriptions are also to be paid. If you exclude them, the profit is more than 200 rupees. Traders say that they sell one beef or earn 5 thousand rupees. So if it were then the price of meat should not be more than 600 rupees. According to Enayet, this is the way to buy beef from now on. No more from the store. That is, the meat sellers lost more customers.

Case-2: A meat trader in Shajahanpur area said that he used to slaughter 25 cows daily. Later it came down to only 5 cows per day due to rising prices.

Case-3: My friend Rumana Zaman used to say that I used to eat beef twice a week. After the increase in price, it decreased first once a week, then stopped once every two weeks. I really did not want to buy beef at such a price.

That is, after the price increase, common people stopped buying or bought less. Because of this, traders are forced to reduce prices at this time. There are small shops in Padha Mahalla, which could not sell even a single piece of beef throughout the day. Earlier, where meat was sold before noon, pieces of cut meat were seen hanging even at night.

One by one, many buyers began to buy less or some stopped altogether, which shook the sellers. The result of going for more profit did not go in their favor. So forced to reduce the price. No movement was needed. Many buyers have become a silent coalition, silently protesting. In the end they won. The difference is that the traders are publicly colluding to raise prices and the common man is not getting along with them. Therefore, their silent protest can stand against the injustice of the businessmen. As we have seen with the price of eggs.

It is time to build buyer syndicates as opposed to merchant syndicates.

Author: Chief News Editor, Independent Digital



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