Lockdown announcement in Bangladesh triggers panic buying of commodities

SourceSalaam Gateway
SectorOil & Gas
CountryGulf

Published 03 Apr,2021 via The Financial Express - Dhaka city dwellers were gathering at kitchen market in a fit of panic buying after the government announced a countrywide 'lockdown' for seven days from April 5-11 to tackle the spread of the second wave of COVID-19. Awami League general secretary Obaidul Quader first disclosed this on Saturday and added that industries will remain open on conditions. According to the Directorate General of Health Service, the COVID-19 killed 58 more people while 5,683 more were detected with the coronavirus in the country in the past 24 hours ending at Saturday morning. With the new figures, Bangladesh so far counted 9,213 COVID-19 deaths and 6,30,277 cases, Consumers said they were purchasing more ahead of lockdown and the month of Ramadan fearing a supply crunch in the market, reports UNB. 'As the lockdown is going to begin again due to coronavirus so the prices of essential commodities can go up in the market so ...read more...