Price of onions will come down in the coming days as adequate import and supply of the item has increased in the country, according to a statement issued by the Ministry of Commerce on Tuesday.
“Imported onions at public and private levels have started arriving in the country. There are adequate stocks of local onions. Farmers have increased the sales of onions in the market. As a result, the import and supply of onions has increased. There is no shortage of onions in the country. The price of imported onions in the market will actually come down further,” the statement reads.
There is no reason to be panicked about onions, the statement said.
To this effect, the government will take strict action under the existing law against those responsible if any attempt is made to increase the price of onions by creating an illegal stockpile or artificial crisis, the statement pointed out.
The Trading Corporation of Bangladesh (TCB) under the Ministry of Commerce is selling onions through truck sales as well as e-commerce across the country for the purpose of providing onions to the buyers at affordable prices, the statement mentioned.
Onion is available to a wide range of buyers. To meet the demand of the people, the scope of sale of onion at the price of Tk 30 per kg is being further widened, the statement said.
The government has taken necessary steps using the experience of last year to keep the stock, supply and price of onions in the market as per the demand, as per the statement.
Market campaigns have been intensified under the leadership of local administrations across the country, including Directorate of National Consumers' Right Protection under the Ministry of Commerce, it insists.
The government has withdrawn tariffs on onion imports. All kinds of assistance are being provided as per the demand of the importers.
Various actions have been taken with utmost importance in all fields including supply and transportation of onions in the domestic market, it says.
The government's various initiatives have put a positive impact on the market. Onion imports from different countries continue. In a short time, a huge quantity of onions will reach the country, the statement further reads.
