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North Shoa Zone allocates 40 mln birr to stabilize market

North Shoa Zone of Amhara State has announced that it is allocating 40 million birr to stabilize the market.

Zonal Trade and Market Development Department Head, Haile Dagnachew, told ENA. Currently, there is an unexpected increase in market prices for various commodities.

In addition to market stabilization efforts to curb inflation, illegal trade is also underway, he said.

He said 49,800 quintals of teff and wheat have been being supplied to consumers at affordable prices since mid-February 2014.

He also said 754,000 liters of cooking oil and 9,000 quintals of pepper have been put on the market.

"As a result of the crackdown, 400 quintals of cement was seized during the smuggling operation," he said.

He said the work of stabilizing the market and controlling illegal activities will continue. He also called on the public to help expose the culprits.

Abebe Alemu, treasurer of the cooperatives in Debre Berhan, on his part said the association is providing food grains at affordable prices to stabilize the market.

He said efforts are underway to stabilize the market by selling white teff per quintal for 4,270 birr and red teff for 3,870 birr.

Residents of Debre Berhan town, who spoke to ENA on condition of anonymity, said consumer prices through consumer cooperatives should be strengthened.

He said the government should control inflation by making oil and certain products available to the public.