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
Amid the skyrocketing price hike of onion, Commerce Secretary Jafar Uddin warns that the government would go for tough legal action if anyone attempts unstable the market.
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
The prices of onion, an essential cooking ingredient, will go down in 24 hours because of the government’s measures and for its adequate supply in the market, a member of Bangladesh Tariff Commission (BTC) has assured.
Commerce Minister Tipu Munshi asks Trading Corporation of Bangladesh (TCB) to take immediate measures to sell daily essential commodities including onion, sugar and garlic in open markets to keep prices of those within limit of common people.
Both the homegrown and imported onions are getting pricey ahead of Eid-ul-Azha despite the fact that government allowed a duty free import of Indian onion.