Tipu Munshi says at inauguration of 6th Intl Trade and Import Fair in Ctg
Commerce Minister Tipu Munshi said on Sunday that the onion crisis might linger for another month.
“We are hopeful that the prices of onion will come down to Tk70-80 per kilogram within a week once the onion import from Egypt arrives. Until then, we should have patience,” said the minister.
He said this while talking to reporters after inaugurating the sixth edition of International Trade and Import Fair-2019 at the outer stadium in the port city of Chittagong.
The minister also informed that the government was monitoring the commodity market so that none could capitalize on the crisis by hoarding onion.
“This time we have learnt a lesson. I talked to the agriculture minister over the issue. He said that we should increase our onion production in order to reduce dependency on imports. I know it is painful but sometimes it happens that an unfavourable condition helps open up a new window. Hopefully, the situation will improve by early next year,” he added.
Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) has organized the month-long fair.
With CMCCI President Khalilur Rahman in the chair, the inaugural ceremony was addressed by Chittagong Metropolitan Police Commissioner Mahabubur Rahman, CMCCI director and convener of the fair organizing committee Aminuzzaman Bhuiyan, CMCCI Vice President AM Mahbub Chowdhury and Abdus Salam.
“The objective of the fair is to expand and promote the market of locally manufactured goods. Besides, the fair also plays an important role in the expansion and promotion of small and medium enterprises,” said CMCCI President Khalilur Rahman.
A total of 200 stalls in five pavilions are participating in the fair which will remain open for the visitors from 10:00am till 10:00pm.