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The huge jump in the price of onion last year is still fresh in the minds of the people of the country. The onion market has been volatile again for a few days. The government is already drawing up various plans to control the volatile onion market. This time the government has decided to import onion as much as possible to curb the price. Contacts have also been made with Turkey and Myanmar for this. International tenders have already been issued for imports from Turkey. These imported onions will be sold through the Trading Corporation of Bangladesh (TCB). Trade Minister Tipu Munshi said the sale would start next Sunday to keep the market under control. He said this in response to a question from reporters after a meeting at the secretariat on Thursday. The minister hoped that the onion market would not be rampant like last year.
“Our ministry is monitoring the market,” he said. Today several teams from our ministry will import positions, such as Benapole and Healy. There you will see the status of the import. Prices have also risen in India, causing traffic problems due to flooding.
Highlighting the situation of onion imports, he said: ‘We are trying very hard. TCB is shrinking on a large scale. TCB will start selling onions on the open market from the 13th. This time we will break the all-time record and import the maximum amount of onions. We’re monitoring the flowers, let’s see. ‘
Tipu Munshi said: “Last year India stopped exporting onions on September 29. But this time India did not stop. Traders have taken advantage of last year’s close. But with India closed, we have learned to import from new markets. Due to the arrival of onions from Turkey, Egypt and Indonesia last time, our people still have good communication. We have also tendered for import from Turkey through TCB. Our Secretary has also spoken with the Ambassador of Myanmar. We want to open all the way. We are trying to import onions as quickly as possible. In this case, I hope to withdraw the 5 percent tax.
“Our production has increased, so farmers have some prices,” he said. Even after that, we have a deficit of five to five and a half lakh tonnes. Hopefully, production will continue to increase for years to come. But we still have to trust the foreign market.
Meanwhile, you can see the retail market of the capital, the price of onion is gradually rising despite the import from India and various guarantees from the government. Domestic onions were sold at 65 Tk per kg in the retail market yesterday, which is 5 Tk more than in recent days. This price is 75 percent higher than a week ago. Imported onions are sold at 55-60 rupees per kg, up 63 percent from a week ago. Aside from onion, consumers are not uncomfortable with the prices of ginger, garlic, rice, legumes, oil, and sugar. These products have been stable with the previous price increase. However, vegetable buyers are under the greatest pressure. Yesterday it was seen that there are no vegetables below Rs 60 except papaya. The price of the eggplant did not fall below 60 rupees. This week, cucumbers are sold at Rs 60 per kg, an increase of Rs 10 per kg. The price of spinach is as high as last week. You have to buy laushak seeds for 50 rupees, all other vegetables are available for 30 to 40 rupees. However, the price of raw chili peppers has dropped a bit. Retailers in different markets have sold 250 grams of bell pepper at 40 rupees. If you take a kg, you stay up to 150 rupees.
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