Country has sufficient stocks of onion: Commerce Ministry

DHAKA, Oct 6, 2020 (BSS) – The onion price will come down soon as the
country has sufficient stocks of onion.

“Onion, imported at public and private levels, have started arriving in
the country. There are adequate stocks of local onions. Farmers have
increased the sales of these onions in the market. As a result, the import
and supply of onions have increased. There is no shortage of onions in the
country. The price of onion will come down,” as per a Commerce Ministry press
release.

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.

It is available to a wide range of buyers. To meet the demand of the
buyers, the scope of sale of onion at the price of Taka 30 per kg is being
further increased.

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.

Market campaigns have been intensified under the leadership of local
administrations across the country, including the National Consumer Rights
Protection Directorate under the Ministry of Commerce.

The government has withdrawn tariffs on onion import. All kinds of
assistance are being provided as per the demand of the importers.

Work is being done with utmost importance in all fields including supply
and transportation of onions in the domestic market.

There is no reason to panic about onions. The government will take
strict action against those responsible under the existing law if any attempt
is made to increase the price of onion by creating an illegal stockpile or
artificial crisis.

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SOURCE NEWS

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