The Ministry of Commerce is going to launch real time data apps to control the prices of import-based essential items alongside increasing market monitoring.
"Through this, it will be possible to get the latest demand of commodities in the domestic market, the international market price rates and the supply of products in both the domestic and international market," said AHM Shafiquzzaman, director general of the Directorate of National Consumers Right Protection.
Shafiquzzaman said this while addressing a view-exchange meeting organised by the Chittagong Chamber of Commerce and Industry (CCCI) held at the World Trade Center in Chattogram Saturday.
The meeting was organised to monitor and review the price of essentials and market situation during the month of Ramadan at the port city.
CCCI President Mahbubul Alam presided over the meeting.
Shafiquzzaman said the real time data apps will highlight the demand of essential items and their market situation, the total volume of import, shipment, and the total number of LC openings throughout the year including the month of Ramadan.
"The Ministry of Commerce is working to launch the apps soon," the DG added.
