The price of onion is slashed by half in Jatrabari wholesale market, one of the largest wholesale markets for essential items in the country, after mobile court fines traders there.
Tofail Ahmed, chairman of the parliamentary standing committee on commerce, yesterday said there was no syndicate in the onion market and that the prices of the bulb could not be brought down by force.
With onion prices remaining high and unstable, consumers are bearing the brunt of high prices of essential foods, including vegetables, according to shoppers and market data.
As onion prices spiral out of control fuelled by a supply shortage, a huge amount of rotten onion was found to be dumped in Chaktai canal adjacent to Karnaphuli River.
When things hit rock bottom humans have a tendency to find ways to laugh at them. It is related to that ambivalence of a bizarre event when you don’t know whether to laugh or cry.
Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon says traders in his area will have to sell onion at the price fixed by the government, otherwise, actions will be taken against them.
Amid the skyrocketing price hike of onion, Commerce Secretary Jafar Uddin warns that the government would go for tough legal action if anyone attempts unstable the market.
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
The prices of onion, an essential cooking ingredient, will go down in 24 hours because of the government’s measures and for its adequate supply in the market, a member of Bangladesh Tariff Commission (BTC) has assured.
The price of onion is slashed by half in Jatrabari wholesale market, one of the largest wholesale markets for essential items in the country, after mobile court fines traders there.
Tofail Ahmed, chairman of the parliamentary standing committee on commerce, yesterday said there was no syndicate in the onion market and that the prices of the bulb could not be brought down by force.
With onion prices remaining high and unstable, consumers are bearing the brunt of high prices of essential foods, including vegetables, according to shoppers and market data.
As onion prices spiral out of control fuelled by a supply shortage, a huge amount of rotten onion was found to be dumped in Chaktai canal adjacent to Karnaphuli River.
When things hit rock bottom humans have a tendency to find ways to laugh at them. It is related to that ambivalence of a bizarre event when you don’t know whether to laugh or cry.
Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon says traders in his area will have to sell onion at the price fixed by the government, otherwise, actions will be taken against them.
Amid the skyrocketing price hike of onion, Commerce Secretary Jafar Uddin warns that the government would go for tough legal action if anyone attempts unstable the market.
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
The prices of onion, an essential cooking ingredient, will go down in 24 hours because of the government’s measures and for its adequate supply in the market, a member of Bangladesh Tariff Commission (BTC) has assured.
Commerce Minister Tipu Munshi asks Trading Corporation of Bangladesh (TCB) to take immediate measures to sell daily essential commodities including onion, sugar and garlic in open markets to keep prices of those within limit of common people.