Onion price hike temporary: Agriculture Minister
The government will import onion from Myanmar, Turkey, and Egypt to stabilise the price
Agriculture Minister Mohammed Abdur Razzaque has said the price hike of onion is a temporary phase.
The minister said in a workshop on "Technical Cooperation Projects" funded by Food and Agriculture Organisation of the United Nations held at BRAC auditorium today.
The price of onion surged overnight in local markets following India's decision to stop onion export to Bangladesh.
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On September 13, India set the minimum export price of onions at $850 per tonne to protect their local market price as recent floods hampered onion output in the state of Maharashtra.
Barely a day later, onion prices in the local markets rose.
On September 29, the neighbouring country stopped exporting onion to Bangladesh.
The government has decided to import onion from Myanmar, Turkey, and Egypt to stabilise the price.
