• Tuesday, Dec 10, 2019
  • Last Update : 06:49 pm

Commerce secretary: Steps taken against onion price manipulators

  • Published at 05:29 pm November 18th, 2019
Commerce-Secretary-Md-Zafar-Uddin
Commerce Secretary Md Zafar Uddin UNB

He also assured that the onion market will soon become stable thanks to effective measures taken by the government

Commerce Secretary Md Zafar Uddin said on Monday that legal steps have been taken against 2,500 people for manipulating onion market.

He also assured that the onion market will soon become stable thanks to effective measures taken by the government.

“On behalf of the government, I want to assure people that the price of onion will come down soon following the government’s effective steps,” he told reporters at the Secretariat.

Onion prices started rising after India banned its export in late September. The item’s price rose to more than Tk250 per kg. Secretary Zafar said onion price increased as Myanmar hiked export price. Cyclone ‘Bulbul’ also played a part.

He said the government has asked businessmen to import onions from other countries. “A huge amount of onion is being brought via sea,” he said.

Initiatives have been taken to import onions from Egypt, Turkey, and China via air cargo following the directives of the Prime Minister, he added.

Meanwhile, cargo planes carrying the first consignment of onion from abroad will hopefully reach the country today, said Zafar.

“The local variety of onion has already hit the market in different districts. The activities of state-owned Trading Corporation of Bangladesh (TCB) have been strengthened [to tackle the situation],” he said.