Onion prices to come down within 24 hours
Onion prices will come down within 24 hours, said tariff commission’s member Shah Md. Abu Raihan Alberuni.
Tariff commission’s member said this, in presence of Commerce Secretary Dr M Jafar Uddin, after a meeting with the stakeholders at the ministry on Tuesday (September 17).
Commerce Secretary said: “As much as onion is in the storage and import phase, the price will envitably come down. There is no reason to panic.”
In response to a question, Shah Md. Abu Raihan Alberuni said: “We have to import onion, because they are seasonal and decomposable. Our demand is 24 lakh tones. Production is also about 24 tones. But due to decomposable nature, seven and a half lakh tons are being rotted. For this reason, we import 10 to 11 lakh tones.”
