Home Business Onion, potato prices to come down by mid-December: Commerce minister

Onion, potato prices to come down by mid-December: Commerce minister

Dhaka, Nov 08: Commerce Minister Tipu Munshi on Wednesday said onions and potatoes will be available at lower prices by mid-December.

He made the remarks while replying to questions from journalists after a meeting of the National Tariff Policy Monitoring and Review Committee at the secretariat.

He said the prices of onion may decrease when the new crop will arrive in market.”Murikata variety of onion will be available in market next and price may come down.”

The Minister also emphasized the need for promoting local production.

“Again, as new potatoes start will hit the market at the end of December, then price will come down. Now it’s a matter of our own production. Again, when we talk about oil and sugar, it depends on the price in the international market. Depending on the context, prices will increase or decrease. We have 20 per cent shortage of onion what we need. We meet this by importing, 90 per cent of which comes from India. The price has gone up there too,” said the minister.

He mentioned that the prices of vegetables fluctuates due to factors such as rain, transportation cost, and occasional hoarding. However, he said prices of certain vegetables have started to decrease, and he expected the prices of winter vegetables will come down in the coming days.

Tipu Munshi said they hope to see some relief in prices as imports continue.

“In the meantime, the first shipment of imported eggs has entered the country. I see its impact on the market. If more eggs are imported you will find egg  at the price fixed by the government.”

RELATED ARTICLES

Take stern action against illegal hoarders during Ramadan, PM asks DCs

Dhaka, Mar 03: Prime minister Sheikh Hasina on Sunday asked the field-level administration to take stern action against illegal hoarders of commodities and ensure...

Remittance inflow rises to 2.16b in Feb

Dhaka, Mar 03: Remittance inflow to the country increased to $2.16 billion in February, which was highest in eight months, according to Bangladesh Bank...

TIB rejects ex-land minister’s clarification, seeks probe

Dhaka, Mar 03: Transparency International Bangladesh (TIB) on Sunday, in a statement, rejected the clarifications of former land minister Saifuzzman Chowdhury regarding his wealth...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Take stern action against illegal hoarders during Ramadan, PM asks DCs

Dhaka, Mar 03: Prime minister Sheikh Hasina on Sunday asked the field-level administration to take stern action against illegal hoarders of commodities and ensure...

Remittance inflow rises to 2.16b in Feb

Dhaka, Mar 03: Remittance inflow to the country increased to $2.16 billion in February, which was highest in eight months, according to Bangladesh Bank...

TIB rejects ex-land minister’s clarification, seeks probe

Dhaka, Mar 03: Transparency International Bangladesh (TIB) on Sunday, in a statement, rejected the clarifications of former land minister Saifuzzman Chowdhury regarding his wealth...

Death toll in Bailey Road fire rises to 46, Three arrested, probe ordered

Dhaka, Mar 02: Students, an expatriate Bangladeshi, a teacher, a journalist, and children were among the 46 people killed as a devastating fire razed...

Recent Comments