TCB to sell onion at Tk 45 per kg

Amid the overheated onion market, state-owned Trading Corporation of Bangladesh (TCB) has decided to start selling onion at Tk 45 per kg in the city from Tuesday.

“There’s nothing to be panicked over the price hike of onion as there’s adequate stock of it at government silos, and the TCB will start selling onion through 35 trucks from 1 October,” commerce secretary Md Zafar Uddin said while talking to reporters at the Secretariat on Monday.

The TCB will sell onion until its price becomes stable, he added.

The government has taken an initiative to import onion from Myanmar, Turkey and Egypt, while a big consignment of it has reached Chattogram port from Myanmar, said Zafar Uddin.

Legal action will be taken against those who will try to create any artificial crisis by stockpiling onion, he said.

The Indian government on Sunday banned the export of onions with immediate effect till further orders for what it says improving domestic availability.