7,000 tonnes of onion to arrive by early Nov
Mentioning that 7,000-8,000 tonnes of onion will be brought from Egypt by the first week of November, Commerce Minister Tipu Munshi yesterday said there is no scope for its price to come down until the consignments arrive.
Talking to reporters after attending the launching event of Business Confidence Survey 2019 arranged by Business Initiative Leading Development (BUILD) at a Dhaka hotel, the minister further said, “Hopefully, there will be a positive impact on the market when the new consignments of onion arrive.”
He said the landing cost of onion imported from Myanmar jumped to Tk 70 per kg yesterday, which was Tk 42 about 15 days ago.
Mentioning that they had to depend on the onion import from India to meet the deficit of 7-8 lakh tonnes in the country, Tipu Munshi said they are thinking of increasing local production to prevent such a crisis in future.
He, however, claimed that a group of unscrupulous businessmen is behind the artificial crisis of onion, saying some 2,000 businessmen have so far been fined across the country.
Meanwhile, the commerce ministry yesterday said onion market is expected to cool down within the next couple of days, when big consignments of onions enter the country.
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