Onion prices to come down soon: Tofail

Dhaka,  Mon,  25 September 2017
Published : 10 Aug 2017, 22:20:23

Onion prices to come down soon: Tofail

Onion prices to come down soon: Tofail
FE Report

Commerce Minister Tofail Ahmed on Thursday said the prices of onion will come down in the markets soon as the businessmen have assured him about it.

"The prices of onion will come down shortly," he told reporters after meeting with the traders and importers at the conference room of the commerce ministry.

"Some traders have already imported onion which will be available in the markets soon. Then the onion prices will become normal in the markets," he said.

He added: "There is a shortage of 0.4 million tonnes of onion against the total annual demand. A large amount of this onion will be imported from India," he said.

"But due to recent floods in India, the production of onion has declined and its prices have shot up. And due to this reason, the prices of onion suddenly soared in the local markets," he said.

The commerce minister said the country's businessmen have taken initiatives to import onion from different countries, including Egypt.

"The consignment/shipment of onion will arrive soon in the country that will help push down market price," he said.

He said the government has directed the Chittagong Port Authority to release onion consignment on a priority basis.    

Mr Ahmed said there is a sufficient stock of onion, salt, ginger and garlic for fulfilling the demand during and after Eid-ul-Azha.

Apart from onion, the process of importing 0.5 million tonnes of salt for (both edible and crude salt) has already been completed, he said.

Mr Ahmed said the government has allowed 232 salt factory owners including salt farmers and mill owners in Cox's Bazar to import 2,150 tonnes of salt.

He also urged all officials concerned and traders to work together so that unscrupulous traders could not raise the prices of essentials for their personal gain during the upcoming Eid.  

He said there will be no shortage of sacrificial animals during Eid-ul-Azha as the government has taken initiatives to produce more cows and goats in the country.

Talking to the FE, an importer said the prices of onion will drop soon and there will be no shortage of onion and other essential items during Eid-ul-Azha.

Commerce secretary Subhashish Bose, director general of the Directorate of National Consumer Rights Protection (DNCRP) Md Shafiqul Islam Laskar and chief controller of imports and exports Afroza Khan and traders, among others, were present.

Editor : A.H.M Moazzem Hossain
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