As Ramadan approaches, the government has reaffirmed its commitment to keeping commodity prices stable across the nation, ensuring all citizens have access to essential goods at affordable prices.
Central to this effort is the State Trading Organization (STO), which was established to provide basic necessities at reasonable rates. Historically limited to just three staple items—flour, sugar, and rice—the list has been significantly expanded since last year to include 10 vegetables, 10 fruits, and three additional food items.
The Minister Economic Development and Trade, Mohamed Saeed announced that the government is working to guarantee uninterrupted availability of these products in all islands, with STO services set to be fully operational in designated cities and populated islands of 3,000 or more before Ramadan begins.
In a broader move to prevent price shocks, authorities are now monitoring the prices of 162 key commodities daily, enabling swift intervention if sudden price hikes occur.
While some critics have raised concerns over government involvement in market activities, Minister Saeed emphasised that this oversight operates within a free-market framework, aimed solely at protecting consumers.
By prioritising wholesale distribution and supporting small businesses with affordable supplies, the government aims to make this Ramadan a period of economic relief for all Maldivians, he added.