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Onion price: Govt orders to increase vigilance

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In the wake of the sudden increase in onion prices in the country’s market, the government has ordered to increase field level surveillance. After the Cabinet meeting on Monday, Cabinet Secretary Md. Mahbub Hossain informed this information.

When asked whether any instructions have been given regarding onion in the cabinet meeting, the cabinet secretary said, ‘He (Prime Minister) has given instructions separately, not in the cabinet. It is with the concerned ministry. You can see that there is close monitoring at the field level now, you can see it and it is having some impact today, you can see it, don’t you? The trend that was yesterday is not the trend today.

Almost all of the onion imported into Bangladesh comes from India. Recently, the country banned onion export for three months.

India’s Directorate General of Foreign Trade has said that there will be a ban on onion exports till March 31 next year. India set higher export prices on October 29 due to the increase in onion prices. Although this restriction was given till 31st of this month, it was extended for another three months.

It was said in the previous instructions that onions can be exported to any country in the world. However, the minimum price of onion per ton should be kept at 800 dollars. Transport and insurance costs are not included in this price.

On the news of this decision of the Indian authorities, traders increased the price of onion in the country’s market. The retail traders of the capital say that they bought domestic onion wholesale at Tk 130 on Thursday, but it increased to Tk 205 on Saturday night. And Indian onion is being sold at 165 taka, increasing from 98 taka.

Meanwhile, the wholesale market has increased by Tk 60 to Tk 80 per kg within a day, but the retail price is double that. At Karwan Bazar itself, domestic onion is being sold at Tk 220 per kg, Indian onion at Tk 170 and Chinese onion at Tk 135 to 140 per kg.

The Cabinet Secretary highlighted the instructions of the government. Mahbub Hossain said, ‘The directive from the government is to increase our surveillance at the field level. To increase vigilance on those who are involved in these activities and try to bring to justice those who are trying to get extra profits from us. So it was not discussed in the cabinet.’

He also said that the team is working at the field level after receiving the instructions. Mahbub Hossain. He said, ‘That decision was not discussed in the cabinet. It is a general administrative matter. When a crisis or problem arises, we discuss the relevant ministries and give decisions. There was no discussion today as work on it has started.’

In response to another question from the journalists, the Cabinet Secretary said, ‘Work is going on in the middle, you can see it in the field. We are already seeing the impact. I can see through you, I can see what is happening through the media.’


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