• Tuesday, Nov 19, 2019
  • Last Update : 01:19 am

Commerce minister: Onion prices not likely to go below Tk100

  • Published at 02:06 pm November 8th, 2019
Commerce Minister Tipu Munshi
File photo of Commerce Minister Tipu Munshi Mehedi Hasan/Dhaka Tribune

He says 50,000 tons of onions are expected to arrive from Egypt

Commerce Minister Tipu Munshi has said onion prices are not likely to go below Tk100 per kg in the near future.

He made the remark while speaking to the media at a hotel in Rangpur Metropolitan area on Friday.

He said: “The prices might go down after the locally produced onion hits the market at the end of this month. 

“It is very unlikely that onion prices would decrease before that.”

The minister further said 50,000 tons of onions are expected to arrive from Egypt, following which prices might go down slightly.

“It is pointless to import onions from India as prices there is around Tk80 per kg at this moment,” he said.