Local varieties of onions were being sold at 140-150 taka per kg, imported Indian onions at 120-130 taka per kg and newly arrived local varieties at 100-110 taka per kg. Onion prices rose by Tk 40-50 per kg overnight after India announced a ban on its onion exports to hit local markets. There was a […]
Cabinet Secretary Mohammad Mehboob Hussain told this to the media at a press conference held on Monday afternoon to unveil the decisions taken in the morning cabinet meeting. Prime Minister Sheikh Hasina chaired the meeting in her office (PMO).Mehboob Hussain also told the media that this issue was not on the agenda of today’s cabinet […]
Bangladesh stands not only as an important onion market but also as the world’s leading onion importer in terms of volume. This difference is based on a comparison of country-wise onion import data. According to the National Board of Revenue (NBR), Bangladesh imported a staggering 727,000 tonnes of onions in 2022, overtaking all other countries […]
Raids in markets to control onion prices
After India increased the ban on onion export, onion prices have started increasing in the local market. Since the major source of onion import has closed, onion has to be imported from alternative countries. But due to the restrictions imposed by India, prices have started increasing in alternative markets also. India has extended a ban […]
However, the price of silver remained unchanged. 22 carat silver price per Bhori is Tk 1,715, 21 carat silver price per Bhori is Tk 1,633, 18 carat silver price per Bhori is Tk 1,400 while traditional method silver price per Bhori is Tk 1,050. In July, the price of gold in Bangladesh crossed 100,000 taka […]
Food inflation appears to be out of control and has remained above 12 percent for three consecutive months. According to the latest data from Bangladesh Bureau of Statistics (BBS), food inflation reached 12.56 percent in October, the highest rate in the last 11 years and 9 months. On Monday night, the BBS released updated inflation […]
Last month the price was increased by 79 taka. Due to the latest hike, a 12 kg cylinder of LPG will now sell for Tk 1,381 instead of Tk 1,363 in November. The regulator adjusts the price of LPG every month. A 12 kg cylinder is generally used for cooking in the city.
The question arises that when new potatoes will come in the market after a month, how realistic is the decision to import? It is noteworthy that the government had earlier decided to import eggs and even after one and a half months, not a single egg has been imported. As a result, there is no […]
“If we can see and catch the market syndicates, we can take action,” Planning Minister MA Mannan said while answering questions from journalists at an event on ‘Bangladesh Marketing Day’ this Friday. He also explained about the market trends and nature in the growing economy. Earlier many ministers had talked about market syndicate. Some of […]
The government on Sunday allowed five companies to import 50 million more eggs to keep its price stable in the market. A media release signed by Commerce Ministry Public Relations Officer MD Haider Ali said each firm will be able to import 10 million eggs. These companies are Union Venture Limited, JFJ Paradise Connection, Layeek […]
Commerce Ministry officials have said the government has given permission to four agencies to immediately import 40 million eggs to rein in prices. Speaking to Prothom Alo, Commerce Ministry Tipu Munshi said each agency will import 10 million eggs. “Our goal is to reduce egg prices. As a result, we have allowed eggs to be […]
