Bangladesh, Sept. 18 -- Commerce ministry will strengthen its monitoring further to keep stable the prices of onion, the essential kitchen item, in the local market.
Commerce secretary Md Jafar Uddin said onion prices would be stable shortly as the government has taken effective steps to rein in its galloping prices.
He told the media on Tuesday after at a meeting with officials, importers and stakeholders on the recent hike in onion prices.
Onion production has been hampered in Maharashtra, India. Its increased rate there for flooding has pushed prices up in the Bangladesh market too, he said.
Earlier, the minimum export price (MEP) of onion was $250-300 per tonne. But it was steeply raised to $850 per tonne there, thus boosting its pr...