TCB scales up selling onions at Tk 45 per kg

Trading Corporation of Bangladesh (TCB) has scaled up sale of onions at Tk 45 per kilogramme at divisional and district levels throughout the country.

The TCB is selling onions at 50 locations in Dhaka city, according to a press release of Commerce Ministry.

To keep control on the onion price, special initiatives have been taken to import the daily ingredients by air and sea. Several consignments have already reached the country, the release said.

The government decided to import onions from abroad on November 15 in a bid to pull reins of the onion price.

Through cargo planes, the TCB is importing onion from Turkey while S Alam Group from Egypt and many other companies are importing onions from Afghanistan and the United Arab Emirates.

Onion prices began to rise about two months ago, when India restricted its onion export. But the prices started to rise sharply last week.

Earlier this month, each kg of locally grown onion was sold for Tk 100-120 in the kitchen markets in the capital. But the price jumped to Tk 160 on November 12 and then kept rising.

On November 15, each kilogramme of onion was sold for Tk 240-260 in the capital.