On Wednesday, prices of onions soared as high as Tk150 per kg, the highest in years
The govt is importing 60,000 tons of onions from Egypt to cover the deficit in the onion market, Commerce Minister Tipu Munshi has said.
"Among the 60,000 tons, 10,000 tons are on their way to Bangladesh," he said while talking to journalists at International Convention City Bashundhara (ICCB) in Dhaka on Thursday.
The minister said: “The price of onions hiked as Myanmar alone was unable to fill the deficit, and also because a few dishonest traders were increasing the price taking advantage of the supply shortage.”
On Wednesday, prices of onions soared as high as Tk150 per kg in Dhaka's markets - the highest in years, according to the Trading Corporation of Bangladesh (TCB).
Local onion retailed at Tk140-150 per kg, and onion imported from Myanmar at Tk130, depending on varieties and qualities, at different kitchen markets.
On October 2, the wholesale prices of local and imported onions were at Tk60-70 per kg.
Prime Minister Sheikh Hasina on Tuesday termed the onion the crisis temporary, and said it was nothing to worry about.