National Chronicle
Business/Economy National National Chronicle Special

Onion export ban: India agrees to send 25K tonnes to Bangladesh on ‘special consideration’

Onion export ban
By Sumi Khan 

Dhaka: Onion export ban The Indian government has granted a special permission to export 25,000 tonnes of onion to Bangladesh, which was blocked in five trucks in the countries’ border area, according to local traders.

Onion export ban  The decision, which was announced on Friday night, will come into force from Sunday.

“The Indian government has decided to export 25,000 tonnes of onion to Bangladesh on special consideration. It is a special gesture to its closest friend,” a source said here on the condition of anonymity.

Onion export ban  The Bangladesh onion market became unstable as prices of the essential cooking item soared after India banned its export on September 14.

Last September, a similar ban was imposed by India, which had a rapid ripple effect.

Onion prices in Bangladesh soared close to Tk 300 per kg from Tk 40.

Onion export ban In a letter to the Indian High Commission in Bangladesh on Tuesday, the Foreign Ministry in Dhaka said that sudden bans on onion exports was a matter of deep concern and it undermined the earlier discussions regarding restrictions over essential food items.

Onion export ban Meanwhile, retailers were selling each kg of onion at prices higher by Tk 10-20 than the prices of wholesalers in Dhaka and Chittagong.

Onion export ban Consumers said some unscrupulous traders have jacked up the prices due to poor monitoring of markets by the administration.

Onion export ban Meanwhile, Bangladesh Commerce Minister Tipu Munshi has said that the government will take strict action against the price hike as soon as there was a huge stock of onion.

Related posts

Bengal BJP team meets Shah to demand CBI probe in MLA death

NC Team

New Amazon Cloud service to let no-coders build mobile, web apps

NC Team

Telangana High Court temporarily stays secretariat demolition

NC Team

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More