Dhaka, Bangladesh (BBN)– Speakers have stressed the need for the introduction of a commodity exchange market in Bangladesh to stabilize volatility of agro-products. 
“Setting up a commodity exchange will not only ensure fair disclosure of price but also serve as a gateway to reduce price risk in financial markets and the market is a demand of time in a country like Bangladesh where commodity price manipulation is very common,” they observed while speaking at the seminar on Saturday.
 
Committee of Action for Research, Extension and Services (CARES) organised the seminar at the M A Matin Auditorium of South Asia University in the in the capital Dhaka.
CARES member Wali-ul-Maroof Matin delivered a comprehensive lecture on the issue styled ‘Commodity Exchange to Stabilize Volatility of Prices of Agro-Products’.
Wali-ul-Maroof Matin, also Managing Director of Alliance Capital Asset Management Limited, said the very first thing is a matter of philosophy whether the country is ready to embrace commodity exchange or not. 
“Most of the Asian countries have set up commodity markets and those are working very well. Some of the markets, specially in India, have become larger than stock markets,” he said. 
He said the main purpose of this market is to establish a dynamic, efficient, and orderly marketing system that stabilizes volatility in daily commodity market and helps set up a better functioning domestic market. 
“Setting up an agro-based commodities exchange market in the country will protect the farmers from price drops and the buyers from price hikes,” he said adding that transparency must be ensured at all levels.
Chairman of CARES Dr A Majeed Khan said the seminar would help all to understand the commodity exchange which is a demand of time in the country. 
 
BBN/SSR/AD-08July12-10:10 am (BST)