The onion market will become stable in the next 10 days as more import consignments will reach the country at a time when the local harvest will hit the market, Commerce Minister Tipu Munshi said yesterday.
A consignment of 12,000 tonnes of onion from Egypt will reach Chattogram port by November 29, which will help cool down the market, he told reporters after a seminar at the Westin hotel in the capital.
Besides, the locally-grown onion will be matured enough within this month, he said.
The onion price has gradually decreased as the imported variety is now sold at Tk 120 a kg and the local produce at Tk 140 to Tk 160 a kg.
The country has to import 25 percent of its total domestic demand, of which 90 percent comes from India.
But the neighbouring nation banned the export of onion on September 29, leaving an adverse impact on the market.
Bangladesh has to import 100,000 tonnes of onion per month between September and November.
But, only 24,000 tonnes and 25,000 tonnes were imported in September and October respectively due to the Indian ban.