The Finance Division has recommended that farmers sell their products directly online, following the success of digital businesses on social media platforms. This suggestion comes as part of the government’s broader effort to control inflation while addressing inefficiencies in the supply chain. Officials believe that strengthening direct farmer-to-consumer sales could help stabilize prices and ensure fair earnings for producers.
At a seminar titled “Bangladesh’s Economy: Recent Challenges and Future Actions,” the Finance Division emphasized the need for a more effective distribution system. The ministry stressed that farmers should explore online platforms and social media as viable tools to sell their produce directly to consumers. Additionally, it suggested creating a business model tailored for farmers to help them establish a stronger presence in the digital marketplace.
To further support the agricultural sector, the Finance Division recommended expanding cold storage facilities to enhance food preservation capacity, ensuring that products remain available in the market for longer periods. This measure is expected to reduce waste, stabilize supply, and prevent sharp price fluctuations.
The government has also introduced several measures to control inflation, including reducing or waiving import duties on essential goods like rice, onions, potatoes, and edible oil when necessary. Additionally, subsidized food programs have been launched, providing millions of families with essential items at lower prices. Authorities have also strengthened market monitoring by forming task forces in every district to prevent price manipulation and ensure transparency in the supply chain.
Liberty News’ economics correspondent states that alongside these fiscal measures, the government has tightened monetary policies by gradually increasing interest rates while halting the printing of money. Despite these efforts, the average inflation rate remains above 10%, highlighting the need for continued interventions to stabilize the economy.
LND/BAIZID
