Published:  08:07 AM, 03 November 2020

Onion sale not possible below taka 55 per kg: Commerce Minister

Onion sale not possible below taka 55 per kg: Commerce Minister Commerce Minister Tipu Munshi

Janomot report: Commerce Minister Tipu Munshi said, onion import has begun with cooperation from the government. But the price of onion cannot be downgraded below 55 taka per kilogram at the consumer level.

He said this while distributing best reporting award-2020 of the Economic Reporters Forum at Purana Paltan in the capital on Sunday.
The commerce minister said, an instable situation was created in the onion market last year. In this year we were prepared utilizing the previous experience. After creation of the crisis import of onion began with help of the government. The imported onion has begun to arrive in the country three days ago. After adding all the expenses including profit of the businessmen, commission of the importers, the price of onion cannot be downgraded below 55 taka per kilogram at the consumer level.He said, we are in a deficit of 8 to 9 lakh metric tons of onion comparing to our demand. The deficit is seen in the month of September every year. India used to meet 90 per cent of this demand. But currently they are facing deficit. Onion is selling at 105 to 110 Bangladeshi taka in Kolkata market and potatoes are selling at 55 taka. That means the price has increased in both the countries.    Tipu Munshi said, dependency on Indian onion has increased in the local market. They have stopped export for their internal crisis and increased price. But India did not tell us the matter earlier and suddenly stopped export. We have learnt lesson from the previous year.He said, I am involved in readymade garments sector and was the president of BGMEA. I know about the sector. After taking timely and right steps in the pandemic period this sector has turned to its previous position.

Leave Your Comments



Latest News


More From National