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Dhaka: On the day of the first shipment of hilsa to India, the country stopped exporting onions to Bangladesh without notice. Although there are some problems with this announcement, the Ministry of Commerce believes that the situation will not be as bad as last time.
Due to the bitter experience of the past year, the government has been preparing for a long time. After this, the onions will come from Turkey at the end of this month. Even to control the onion market, TCB has already started selling onions at Rs 30 / kg.
At the beginning of last year, India also stopped onion exports to Bangladesh. As a result, the price of onion continues to rise in the country. At that time, the price increased to 300 rupees.
On Monday (September 14) afternoon, India stopped exporting onions to Bangladesh. However, on this day, 12 metric tons of hilsa have been exported from Bangladesh to India. Up to 150 truckloads of onions have been stranded in Petrapol, on the other side of Benapole, due to the suspension of onion exports. The situation is similar in other land ports.
Onion exports were suspended on Monday due to some policy changes, Indian customs officials said.
Meanwhile, onion importers and traders from different places, including Benapole, have been shaken by the news of the interruption of the import of onions. After the night, the price of onion increased in the retail market and now it sells for between 65 and 75 rupees. A month ago, the national onion price was around Rs 40 per kg in the country market. And the price of Indian onion was 25-30 rupees per kg.
According to the Ministry of Commerce, it has been decided to import one lakh of onions from Turkey urgently in order to reduce the price of onions. Additionally, Myanmar onion import activities will resume after the GTZ meeting. Private onion importers will ship these onions through the port of Chittagong. The Ministry of Commerce has also written to the National Revenue Board (NBRK) requesting the withdrawal of the five percent tariff imposed on onion imports.
In this regard, Trade Minister Tipu Munshi told banglanews that there will be a little problem as India will shut down. Tarato closed today. We have made arrangements to import onions from other countries as an alternative market. Suddenly they stopped exporting without discussing it with us. We have contacted to import onions from Turkey, China, Myanmar, Egypt.
He said that one lakh of metric tons of onions would be imported from Turkey through TCB in the next four to five months. In addition, TCB has started the sale of trucks at fair prices. We also have enough onions. Something has started to come from Turkey. The onions will leave Turkey at the end of this month. Step by step, after 10 days, three to four thousand tons will arrive.
When asked why India stopped exporting onions without discussing it, the Trade Minister said that the price of onions has risen in the local Indian market. In addition, they have stopped exporting due to consumer concerns and some damage caused by the rains.
As for the onions stuck in the land port, he said, they must decide on this. Hundreds of onion trucks have been stuck at the border since the LC was completed. They are likely to arrive within this month.
Secretary of Commerce. “We are aware of the increase in onion prices,” said Zafar Uddin. This time there is no fear of creating a situation like last time.
The Bangladesh Business Corporation began selling products to consumers across the country on Sunday in the wake of the corona virus (Covid-19) epidemic and the current flood situation. The onions will be available from TCB trucks at Rs 30 per kg, which a buyer can purchase for a maximum of two kg.
When India stopped exporting onions in September last year, prices soared in the country’s market. The price of onion rose to a record 300 rupees per kg.
Bangladesh time: 2317 hours, September 14, 2020
GCG / HAD
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