Imported onion will not be less than Tk 55 per kg: Tipu Munshi

Sun Online Desk

22nd October, 2020 08:00:46 printer

Imported onion will not be less than Tk 55 per kg: Tipu Munshi

Imported onion will be sold minimum at Tk 55 per kg till next year, said Commerce Minister Tipu Munshi.

He came up with the information at secretariat in the capital on Thursday. 

Regarding onion price, the minister said, “We have a shortage of 8-9 lakh tonnes of onion every year. To fill up the shortage, onion comes from India during September to February. India has stopped exporting onions so we have to import onion from Egypt, Turkey, Iran, China and Myanmar. As a result, the import cost of onion will be Tk 45 per kg. Also, there will be VAT of Tk 5 to 6. So, the wholesale price of onion will be at least 50 Tk per kg.”  

“Therefore, it would be impossible to sell onion less than Tk 60 to Tk 65. But we are trying to keep it below Tk 60 so that importer can make a minimum profit,” Tipu Munshi said.

The commerce minister also said, ‘People are suffering a lot for the price hike of onion. But the good thing is that our farmers are making some profits. They are getting Tk 30 to Tk 35. This situation will encourage them to produce more onion in future.”


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