The reduced import taxes will remain effective until Nov 30 this year
India’s National Cooperative Export Ltd will purchase 1,650 tonnes at Rs 29 a kg
India’s Consumer Affairs Secretary Rohit Kumar Singh says today in New Delhi
The director general of the Directorate of National Consumers Right Protection says
DNCRP fined four traders in Chattogram Tk 40,000
Onion set prices have doubled in Bangladesh, dashing the hopes of the inflation-hit people for an immediate reduction in the prices of the key cooking vegetable through the cultivation of early winter varieties.
It raises minimum export price of onion by four times to $800 a tonne
The DNCRP conducted the drive in Dhaka’s Karwan Bazar today
The move comes when India imposes 40% export duty on onion
The Bangladesh Trade and Tariff Commission (BTTC) yesterday requested the revenue authority to lift all import tariffs on onion until December 31 this year as its domestic prices spiked after India slapped 40 percent export duty on the vegetable.
The commission writes a letter to the NBR
Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.
Commerce Minister Tipu Munshi says
The price of onion is slashed by half in Jatrabari wholesale market, one of the largest wholesale markets for essential items in the country, after mobile court fines traders there.
Tofail Ahmed, chairman of the parliamentary standing committee on commerce, yesterday said there was no syndicate in the onion market and that the prices of the bulb could not be brought down by force.
With onion prices remaining high and unstable, consumers are bearing the brunt of high prices of essential foods, including vegetables, according to shoppers and market data.
As onion prices spiral out of control fuelled by a supply shortage, a huge amount of rotten onion was found to be dumped in Chaktai canal adjacent to Karnaphuli River.
When things hit rock bottom humans have a tendency to find ways to laugh at them. It is related to that ambivalence of a bizarre event when you don’t know whether to laugh or cry.
Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon says traders in his area will have to sell onion at the price fixed by the government, otherwise, actions will be taken against them.