Commerce Adviser Promises Swift Fall in Onion Prices

Rtv News

Publish : 09 Nov 2025, 06:12 PM

Collected Photo

Citing impending government initiatives and the expected swift entry of new onion harvests into the market, Adviser to the Ministry of Commerce Sk. Bashir Uddin announced on Sunday that onion prices will drop soon.

"The Ministry of Commerce is keeping a keen eye on the domestic onion market and is prepared to intervene decisively by issuing Import Permits (IPs) if prices do not stabilize within the coming days. New onions are anticipated to enter the market within the next two to three weeks,” he said at a press conference in the Ministry of Commerce conference room in the capital.

Assessing the current stock, he informed that approximately 3.5 lakh metric tons (MTs) of onions are available nationally.

“Specifically, 85,000 to 87,000 MTs are expected to arrive this month, followed by 2.5 lakh MTs next month, he added.

The adviser explained that the recent price volatility stems from a combination of issues: the impact of heavy rainfall, the natural reduction in onion weight due to end-of-season drying, and the higher costs associated with utilizing new preservation technology by suppliers.

“We believe there is no shortage of onions at this moment," he added.

He also said that the government’s proactive measures to support preservation—including the distribution of approximately 10,000 High Flow Machines to farmers—have strengthened long-term market stability.

"This preservation capability had kept prices stable around Taka 60 to Taka 65 for a long period, which covered production costs," he added.

Teachers' Protest Hits Day 2: Demand Grade Upgrade, Advisers' Resignations

To quickly curb the current price surge, he said, "the ministry is actively utilizing the potential of imports as a regulating tool. The ministry has received around 2,800 applications for onion import permits. We will monitor the situation for the next four or five days."

"To protect domestic farmers, the government is currently refraining from immediate Import Permit approval, having received reports of large onion stockpiles at the land ports," he added.

"If even a small percentage of the pending 2,800 IPs were released immediately, the market would naturally crash, which the government seeks to avoid to ensure farmers are not harmed while consumers are protected. If we see that the market price does not show sufficient improvement or return to a normal state by the end of this week, we will issue the import approvals," he further said.

The Adviser said that the enforcement bodies, including consumer rights, district administration and the agricultural department, have been directed to oversee for ensuring stability in the market.

Follow google news channel to get RTV news Google News

Related More News

Dr Asif Nazrul, Dr Khalilur Meet Foreign Dignitaries

Law Adviser Dr Asif Nazrul and National Security Adviser Dr Khalilur Rahman today (Wednesday) met visiting Indian External Affairs Minister S Jaishankar, Speaker of the Pakistan National Assembly Sardar Ayaz Sadiq, Nepal's Foreign Minister Bala Nanda Sharma, and Bhutan's Foreign Minister DN Dhungyel at Jatiya Sangsad Bhaban here. Read More Pakistan Speaker and Indian Minister Meet at Begum Zia’s Funeral The dignitaries arrived in Dhaka to attend the last rites of former Prime Minister and national leader Begum Khaleda Zia, who passed away yesterday. The advisers expressed their gratitude to the visiting dignitaries for their presence and for showing solidarity with the people of Bangladesh during this time of national mourning.

Pakistan Speaker and Indian Minister Meet at Begum Zia’s Funeral

In a notable moment of regional diplomacy, Pakistan’s National Assembly Speaker Sardar Ayaz Sadiq and Indian External Affairs Minister Dr. S. Jaishankar exchanged greetings on Wednesday at Manik Mia Avenue, ahead of the state funeral of former Prime Minister Begum Khaleda Zia. Both leaders arrived in the capital this morning, representing their respective governments to pay final respects to the three-time former premier and Bangladesh Nationalist Party (BNP) Chairperson. Their presence underscores the significant regional impact of Khaleda Zia’s long political career and her role in South Asian affairs. Read More Pakistan’s National Assembly Speaker Calls on CA Prior to the commencement of the namaz-e-janaza, Speaker Sadiq and Minister Jaishankar met with BNP Acting Chairman Tarique Rahman. They conveyed formal condolence messages on behalf of Pakistan and India, expressing deep sympathy for the bereaved family and the people of Bangladesh. The interaction between the high-ranking officials of the two neighboring nations, amidst a sea of millions of mourners, highlighted a rare moment of shared respect for the veteran Bangladeshi leader. Dignitaries from across the globe have gathered in Dhaka today, reflecting a broad international recognition of Khaleda Zia's legacy as a symbol of democratic struggle in the region. Following the funeral prayers, both foreign representatives joined the state processional as the nation prepares to lay the "uncompromising leader" to her eternal rest.

Pakistan’s National Assembly Speaker Calls on CA

Speaker of the National Assembly of Pakistan Sardar Ayaz Sadiq today called on Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna here, according to the Chief Adviser’s Press Wing. Earlier, he handed over Islamabad's condolence message to BNP Acting Chairperson Tarique Rahman at the death of three-time former Prime Minister and BNP Chairperson Begum Khaleda Zia, reflecting Pakistan's deep respect for Bangladesh's late uncompromising leader. Read More Begum Zia Laid to Eternal Rest at Zia Udyan with Full State Honors Sadiq met Tarique Rahman at the Jatiya Sangsad Bhaban this afternoon and formally conveyed the condolence message before the namaj-e-janaza of Begum Khaleda Zia at the Manik Mia Avenue here this afternoon. Earlier in the day, the Speaker of Pakistan's National Assembly arrived here to attend the funeral of the former prime minister and BNP chairperson, representing the government of Pakistan.

Begum Zia Laid to Eternal Rest at Zia Udyan with Full State Honors

An era in Bangladesh's political history concluded on Wednesday as former Prime Minister and Bangladesh Nationalist Party (BNP) Chairperson Begum Khaleda Zia was laid to eternal rest with full state honors. The three-time premier was interred beside her husband, Shaheed President Ziaur Rahman, at Zia Udyan in Sher-e-Bangla Nagar at approximately 4:30 pm. The burial followed a massive funeral prayer (namaz-e-janaza) at Manik Mia Avenue, where hundreds of thousands of mourners gathered in an unprecedented display of national grief. The prayers were led at 3:02 pm by the renowned Islamic scholar and Khatib of Baitul Mukarram, Mufti Mohammad Abdul Malek. The congregation was joined by Chief Adviser Professor Muhammad Yunus, the chiefs of the three services, interim government advisers, and high-level foreign dignitaries from across South Asia, including representatives from India and Pakistan. The final journey of the "uncompromising leader" began early Wednesday morning when her body, draped in the national flag, was brought to the Parliament area from the residence of her son, Tarique Rahman. Read More Please Pray for My Mother: Tarique Rahman Despite the biting winter cold, millions of citizens from every corner of the country converged on the capital to pay their final respects. To ensure order, a multi-layered security detail involving the Army, Police, RAB and BGB was deployed across the city. Begum Khaleda Zia’s death at age 80 follows a month-long battle with chronic health complications at Evercare Hospital. Her legacy spans 41 years of political leadership, during which she transitioned from a homemaker to a three-time Prime Minister and five-term Member of Parliament. She was famously known for her steadfast resolve during the anti-autocracy movements of the 1990s and for her historic record of never losing an election she contested. While the general public was restricted from the immediate burial site to maintain solemnity, the sheer scale of the gathering at her janaza served as a powerful testament to her enduring connection with the people of Bangladesh. As she was laid to rest with military honors, the nation observed a day of mourning for the woman who spent over four decades shaping its democratic path.

Please Pray for My Mother: Tarique Rahman

In a deeply emotional moment preceding the funeral prayers at Manik Mia Avenue, Bangladesh Nationalist Party (BNP) Acting Chairman Tarique Rahman addressed a massive congregation of millions, seeking spiritual blessings for his mother, Begum Khaleda Zia. Standing before the sea of mourners, he introduced himself simply as her eldest son and made a heartfelt request: "Please pray for my mother so that Allah grants her Jannat (Paradise)." The namaz-e-janaza of the three-time former Prime Minister and country's first female premier was conducted by Mufti Mohammad Abdul Malek, Khatib of the Baitul Mukarram National Mosque. Read More Millions Bid Tearful Farewell as Begum Zia’s Janaza Concludes Before the prayers, BNP Standing Committee member Nazrul Islam Khan shared a brief biography, reflecting on her journey as a political icon. The red-and-green national flag-wrapped coffin was brought to the venue with full state honors at 2:45 pm, with the prayers commencing at 3:00 pm. The gathering was attended by the highest levels of the state, including Chief Adviser Professor Muhammad Yunus and Chief Justice Zubayer Rahman Chowdhury. They were joined by foreign dignitaries, interim government advisers, the chiefs of the three services, and senior civil and military officers, alongside an overwhelming number of citizens from all walks of life. As the final prayers were offered, the venue echoed with the sound of weeping as mourners bid a tearful adieu to their beloved leader. Following the ceremony, her body was taken to Zia Udyan to be laid to eternal rest beside the grave of her husband, Shaheed President Ziaur Rahman, with full state honors.