Dhaka, March 5 -- Allegations have emerged against several importers, accusing them of stockpiling imported goods at Chittagong Port to create artificial scarcity and drive up market prices ahead of the holy month of Ramadan.
Port officials claim that some importers are deliberately delaying the release of their shipments, effectively using the port's yards as makeshift storage facilities.
This has resulted in an artificial shortage, with approximately 40,000 Full Container Load (FCL) containers currently occupying space within the port yard and off-dock facilities.
In response, the Chittagong Port Authority has issued a stern warning, stating that if these goods-laden containers are not cleared by 9 March, a fourfold penalty will be imp...