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Onion prices to come down within 10 days: Commerce Minister

Bangladesh Onion market
The photo is taken from Kawran Bazar of Dhaka on Saturday, November 16, 2019. Photo: Shaheen Mollah/Star

Commerce Minister Tipu Munshi today said onion prices will come down within 10 days with the arrival of the new harvest in the market.

"The imported onions are yet to be supplied to the market because of transportation problem," he said while talking to reporters after attending a seminar on "Ease of doing business: Way forward" organised by Bangladesh Chamber of Industries (BCI) at a city hotel.

Some 12,000 tonnes onions imported from foreign sources will reach Chattogram port on Nov 29, said minister Munshi.

He said Bangladesh has to import 25 percent onion to meet local demand. Of them, 90 percent is imported from India but unfortunately India banned its onion export to Bangladesh on September 29 that caused the problem, he added.

The prices of onion, a common item in Bangladesh kitchens, soared again on Friday, fuelled by higher demands and a supply crunch as the imported bulbs are yet to hit the markets.

Bangladesh has been struggling to control the overheated prices of onion which reached an all-time high in recent days following the export ban by India.

Officials say the ban is likely to remain in place until February next year.

 

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Onion prices to come down within 10 days: Commerce Minister

Bangladesh Onion market
The photo is taken from Kawran Bazar of Dhaka on Saturday, November 16, 2019. Photo: Shaheen Mollah/Star

Commerce Minister Tipu Munshi today said onion prices will come down within 10 days with the arrival of the new harvest in the market.

"The imported onions are yet to be supplied to the market because of transportation problem," he said while talking to reporters after attending a seminar on "Ease of doing business: Way forward" organised by Bangladesh Chamber of Industries (BCI) at a city hotel.

Some 12,000 tonnes onions imported from foreign sources will reach Chattogram port on Nov 29, said minister Munshi.

He said Bangladesh has to import 25 percent onion to meet local demand. Of them, 90 percent is imported from India but unfortunately India banned its onion export to Bangladesh on September 29 that caused the problem, he added.

The prices of onion, a common item in Bangladesh kitchens, soared again on Friday, fuelled by higher demands and a supply crunch as the imported bulbs are yet to hit the markets.

Bangladesh has been struggling to control the overheated prices of onion which reached an all-time high in recent days following the export ban by India.

Officials say the ban is likely to remain in place until February next year.

 

Comments

ভোটের অধিকার আদায়ে জনগণকে রাস্তায় নামতে হবে: ফখরুল

‘যুবকরা এখনো জানে না ভোট কী। আমাদের আওয়ামী লীগের ভাইরা ভোটটা দিয়েছেন, বলে দিয়েছেন—তোরা আসিবার দরকার নাই, মুই দিয়ে দিনু। স্লোগান ছিল—আমার ভোট আমি দিব, তোমার ভোটও আমি দিব।’

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