Onion price under control, claims Industries Minister | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
May 28, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, MAY 28, 2023
Onion price under control, claims Industries Minister

Bangladesh

UNB
12 November, 2019, 08:30 pm
Last modified: 12 November, 2019, 08:33 pm

Related News

  • Decision on onion import to come in 2-3 days as price soars to Tk80 per kg
  • Retail vegetable prices way higher than wholesale rates
  • Onion price soars to Tk70 per kg
  • No new import permit for onion through Hili land port after 15 March
  • Pakistan: 500% jump in onion costs worsens inflation

Onion price under control, claims Industries Minister

He said the onion market got overheated due to its short supply caused by India’s export ban following flashflood in the neighbouring country

UNB
12 November, 2019, 08:30 pm
Last modified: 12 November, 2019, 08:33 pm
Onion price under control, claims Industries Minister

Industries Minister Nurul Majid Mahmud Humayun on Tuesday claimed that the onion price, which had skyrocketed, is now under control.

"I believe the onion market that had gone beyond control is now under control," he said while responding to a supplementary question from BNP MP Jahidur Rahman in Parliament in absence of Commerce Minister Tipu Mushi.

He said the onion market got overheated due to its short supply caused by India's export ban following flashflood in the neighbouring country.

"But we've brought the situation under control quickly…we're importing onion from Myanmar and Turkey," he said.

Majid said it is a lean season for onion and the crisis usually prevails at this time. "Our local onion is yet to hit the market, but it'll be available in the market within a few days."

He also mentioned that the import of onion from India has started.

The Industries Minister said the government is conducting mobile court at district and upazila levels to prevent the sale of onion at exorbitant prices. The Directorate of Consumer Rights Protection and other government agencies are monitoring markets across the country.

Replying to a written question from Awami League MP Anwar Khan (Laxmipur-1), he said the annual demand for onion in the country is 24 lakh metric tonnes against the local production of 23.31 lakh metric tonnes.

"Of the produced amount, 30 percent got damaged during harvesting and preservation. That means the total amount stands 16.31 lakh mts. Its deficit is met with import from India."

But, he said, the onion production suffered seriously due to flood in Maharashtra, India. For that, the export price has been raised to USD 850 from USD 250-300. "Later, they stopped onion export as the price shoots up abnormally. As a result, the price in Bangladesh also saw an uptrend."

To cool down the market, the minister said, the government has started selling onion in the open market through the Trading Corporation of Bangladesh (TCB).

Top News

Onion price

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Govt to avoid being guarantor of loans to reduce risk
    Govt to avoid being guarantor of loans to reduce risk
  • How to maximise tax rebates through planned investments
    How to maximise tax rebates through planned investments
  • Bangladesh, China show interest in regional connectivity under BRI
    Bangladesh, China show interest in regional connectivity under BRI

MOST VIEWED

  • Photo: TBS
    Private helicopter service launched in Ctg
  • Malaysian ship docks at Mongla port with 926 luxurious cars
    Malaysian ship docks at Mongla port with 926 luxurious cars
  • File Photo: UNB
    US govt's new visa policy does not bother Bangladesh government: Shahriar Alam
  • File Photo: Mohammad Minhaj Uddin/TBS
    Low-cost housing planned for 4 lakh Bangabandhu Shilpa Nagar workers
  • Bus rams Pak deputy high commissioner's car in B'baria
    Bus rams Pak deputy high commissioner's car in B'baria
  • Photo: Wikimedia Commons
    Bus and minibus workers strike in Chattogram

Related News

  • Decision on onion import to come in 2-3 days as price soars to Tk80 per kg
  • Retail vegetable prices way higher than wholesale rates
  • Onion price soars to Tk70 per kg
  • No new import permit for onion through Hili land port after 15 March
  • Pakistan: 500% jump in onion costs worsens inflation

Features

17a Belmont street Aberdeen. Photo: Courtesy

Life in the Wild: How it all started

15h | Panorama
Photo: Collected

Vintage-looking instant cameras: A trip down memory lane

18h | Brands
Photo: Courtesy

Dhriti: Exquisite bags for every occasion

18h | Brands
Extras in a movie set. Photo: Collected

A nurse, a beggar, or a police officer: The lives of extras in tinsel town

21h | Panorama

More Videos from TBS

Dubai’s gigantic moon shaped mega resort

Dubai’s gigantic moon shaped mega resort

14h | TBS World
In an interview given to TBS Lt. Col. Mohammad Tajul Islam Chowdhury

In an interview given to TBS Lt. Col. Mohammad Tajul Islam Chowdhury

2d | TBS Stories
New US visa policy introduced to promote free and fair elections in Bangladesh

New US visa policy introduced to promote free and fair elections in Bangladesh

2d | TBS Today
Nation pays tribute to poet Nazrul

Nation pays tribute to poet Nazrul

2d | TBS Stories

Most Read

1
Photo: TBS
Bangladesh

Private helicopter service launched in Ctg

2
End of zero tax!
NBR

End of zero tax!

3
Photo: TBS
Energy

Wind power feeds national grid for first time Friday

4
Malaysian ship docks at Mongla port with 926 luxurious cars
Bangladesh

Malaysian ship docks at Mongla port with 926 luxurious cars

5
Nagad builds hope on Tk510cr bond, incurs Tk625cr loss
Economy

Nagad builds hope on Tk510cr bond, incurs Tk625cr loss

6
Illustration: Asifur Rahman
NBR

Tax return filing any time, but with penalty

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]