• Tuesday, Mar 21, 2023
  • Last Update : 10:24 am

Ensure ethical business practices

  • Published at 06:04 pm November 15th, 2019
Dhaka Tribune

This rise is an artificial increase which has been created by middle-men

Too often, unscrupulous middle-men engage in business practices that hurt not only the producers of a product, but also the consumer through irrationally high prices.

Right now, onion prices are the talk of the town: Prices seem to have soared to an all-time high of Tk200 per kg, and understandably, people are frustrated at having to pay five times the amount they would normally pay for what is seen as a staple in our country’s culinary culture.

Nevertheless, the real victims of this crisis are the farmers, because in spite of their hard work, they are not seeing the profits that come from these higher prices, and their standard of living is not in any way improving.

This rise is an artificial increase which has been created by middle-men, who seem to be turning into a parasitic group day by day, contributing nothing of real value while only being interested in unethical profiteering.

The wholesale market continues to be largely unregulated, and this allows traders to engage in hoarding and other dishonest behaviour, and it is beyond the scope of small entities like retailers to influence any of these practices.

This is why it is so important for the government to step in.

The president of Consumers Association of Bangladesh makes a fair point when he says the government should extend a helping hand to farmers to not only increase local onion production from next year, but to also provide the right kind of loans and incentives, as well as strict monitoring, so that farmers can get a fair price.

After all, we should be encouraging ethical business practices across the board, and the onion market should be no different.   

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail