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Tipu Munshi: Onion prices will come down within 10 days

  • Published at 08:18 pm November 23rd, 2019
Onion
Mahmud Hossain Opu/Dhaka Tribune

Trading Corporation of Bangladesh (TCB) began open market sale (OMS) at various points across Dhaka to beat the crisis

Onion prices will come down within 10 days when onion produced in the current season are coming to markets said, Commerce Minister Tipu Munshi has said.

He said this to journalists after a seminar a Dhaka city hotel on Saturday.

The minister said: “We have imported onions from but these are not being delivered to the markets yet for transportation problems. Some 12,000 tons of imported onions will reach Chittagong port on November 29."

"We have to import 25% onion to meet our demand. Of them, 90% is imported from India. But unfortunately India banned export to Bangladesh on September 29 which created a problem here," he added.

On September 29, the Indian government banned the export of onion with immediate effect until further order in order to improve their domestic availability of onions.

Trading Corporation of Bangladesh (TCB) began open market sale (OMS) at various points across Dhaka to beat the crisis.

But the price increased from Tk100 to Tk200 within one week. Last week, local onions sold as high as Tk250 a kg in the city’s kitchen markets and those imported from Myanmar at Tk230-240, breaking all the previous records. It still remains high.

On Saturday local onion was not found at most of the retail shops. In wholesale market it was selling at Tk200 per kg.