SAM

Published:
2019-11-18 11:34:07 BdST

'Newly-harvested onion arriving in market across country'


FT ONLINE

Agriculture Minister Dr. Abdur Razzaque has said the onion price is expected to come to a tolerable limit soon as the newly-harvested onion already started arriving in the market across the country.

“Alongside the new harvest of the local onions, the ongoing import of the essential spice from different countries would help reduce its price soon,” the minister told journalists after an international seminar at a city hotel on Sunday.

Country’s supply crunch of the onion was mainly caused by the onion export ban imposed by the Indian government in September this year, Dr. Razzaque told the seminar organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Moreover, last year’s local onion production was severely affected by early downpour, he added.

Chaired by FBCCI President Sheikh Fazle Fahim, the seminar was also addressed, among others, by Finland Foreign Ministry’s South Asia Unit Director Ms. Titta Maja and FBCCI vice-president Rejaul Kariem Rejnu.

Of the total onion demand of the country, almost 70 percent is being met by the local production, and the rest 30 percent has to be imported, he said.

The minister said the government has decided to stop onion import during the upcoming season to ensure the fair price of the local onion.

He further said that the country would no more require onion import in the future, if all the newly innovated onion varieties are cultivated regularly by the farmers.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.


Popular Article from Economy