• Wednesday, Jan 19, 2022
  • Last Update : 03:32 am

Govt to import onion from Turkey, Myanmar, China

  • Published at 03:52 pm September 17th, 2019
A vendor selling onion in Dhaka on Tuesday, September 17, 2109 Mehedi Hasan/Dhaka Tribune

Commerce Secretary Mohammed Zafaruddin made the announcement after a meeting with stakeholders at his office on Tuesday.

The government has decided to import onion from Turkey, Myanmar and China to improve supply and bring down prices of the essential cooking ingredient at kitchen markets.

The move came after the Indian government recently fixed minimum export price of onion to rein in soaring prices in their domestic market.

On September 13, India fixed maximum export prices (MEP) at $850 per ton, which pushed prices up in kitchen markets in Bangladesh. 

Local onion sold at Tk70 per kg, while imported one sold at Tk55-Tk60 in the city’s kitchen markets yesterday. 

Commerce Secretary Md Jafar Uddin made the announcement after a meeting with stakeholders to discuss the present supply of onions and ways to increase supply in the market at his office at the Ministry of Commerce. 

He said to reduce dependency on Indian market for imports, they were thinking about alternative destinations such as Myanmar, Turkey and China for importing onion.

“The current one and a half months is considered a lean period for onion due to shortage in supply. It is not a crisis, it is a normal phenomenon,” Jafar Uddin claimed. 

There would no crisis as the Trading Corporation of Bangladesh (TCB)  started open market sale at reasonable prices, while the supply would be normal as there was more imports in pipeline, he assured. 

As part of government efforts to increase supply, the commerce ministry wrote letter to Bangladesh Bank to reduce credit margins and asked the land port authorities to release onion-laden trucks quickly, said the commerce secretary.

He also urged consumers not to panic as the government talked to importers and assured them of providing all-out supports in making the imports smother.

Replying to a question on price manipulation, Jafar said the authorities concerned already strengthened monitoring as there was gap between the retail and wholesale prices.

Meanwhile, Bangladesh Tariff Commission member Shah Md Abu Raihan Alberuni claimed that the prices of onion would come down within 24 hours as there were enough stocks of onion.

Currently, there are 100 onion-laden trucks waiting at Bhomra Land Port — 25 trucks at Sonamasjid Land Port, 15 at Hili Land Port and two trucks at Benapole Land Port, carrying a total of 2,840 tons of onion.   

According to Department of Agriculture Extension (DAE) data, in the last fiscal year Bangladesh yielded 2.3 million tons of onions against the demands of 2.6 million. 

On the other hand, Bangladesh imported one million tons of onions.

Raihan also said that the prices of onion would come down by November, as the harvesting of onion would begin by the second week of November in India and in December in Bangladesh.   

Facebook 71
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail