Thursday March 22, 2018 06:00 PM

Tofail: Onion prices tolerable now

Tofail: Onion prices tolerable now
Prices of onion, however, have been found to be different in various parts of Dhaka on Monday Mahmud Hossain Opu/Dhaka Tribune

The prices have come down to Tk55-60 because of the government’s initiatives, claims the commerce minister

Prices of onion in the local markets have come down to a reasonable level due to many effective initiatives of the government and production of new batch of onion in the country, claims the commerce minister.

Tofail Ahmed’s remarks came in response to MP Md Abdullah’s question in the parliament on Monday.

Answering another supplementary question from lawmaker Shubid Ali Bhuiyan, the minister admitted that prices of rice and onion had gone up after the flood last year. “But government measures have brought them down. Information regarding no decrease in prices is wrong.”

However, until Monday, prices of onion had varied in different parts of Dhaka. The fresh batch of local onion was being sold between Tk50 to Tk60 per kg, while the price of Indian onions was fluctuating between Tk70-Tk110 per kg.

Tofail said more onions could not be imported from India as production was low there due to flood, which was also the same reason behind lower production in Bangladesh.

“Onion prices were over Tk100 per kg at one point. But that has come down to Tk55-60 because of the government’s initiatives,” he added.

Govt to build warehouses with 10,000 tons capacity

The commerce minister on Monday also said the government has undertaken a plan to build warehouses capable of storing 10,000 tons of food grains for Chittagong, Rangpur and Moulvibazar regional offices of the Trading Corporation of Bangladesh (TCB), reports BSS.

“We have already prepared draft DPP for the plan,” he said, while replying to a question from treasury bench member MP Bazlul Haque Haroon in the parliament.

Part of this article was first published on banglatribune.com

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