5 Per Cent Duty on Onion Imports Waived
The National Board of Revenue has waived the 5 per cent customs duty on onion imports while keeping a 5 per cent regulatory duty.
The National Board of Revenue has waived the 5 per cent customs duty on onion imports while keeping a 5 per cent regulatory duty.
Retail onion prices in Dhaka have dropped from over Tk 80 to Tk 55-60 a kg as large volumes arrive from India.
Onion prices fell for a second straight week in Dhaka, but fish, meat, chicken and early winter vegetables remained expensive.
More than 600 people in 37 US states have fallen ill with salmonella spread from onions, and Americans have been advised to throw away unlabelled red, white and yellow onions.
Shoppers in Dhaka say rising prices of daily essentials have left people desperate, and even an onion trader blames excessive profiteering.
Wholesale onion prices at Hili land port in Dinajpur fell by Tk 12 a kg as soon as imports resumed after the Puja holidays.
Onion prices in Dhaka's retail markets jumped again, though DAE figures suggest the country has more onions than it needs.
Onion prices at Hili land port in Dinajpur rose by Tk 2 to 4 a kg in two days after importers, facing losses, cut back imports.
A salmonella outbreak traced to raw onions has made people ill in at least 37 US states, and US health authorities have advised against using unlabelled onions.
Fresh red, white and yellow onions sold in 37 US states have been linked to salmonella, sickening 652 people, and the CDC has told people to throw away unlabelled onions.
Import duty cuts have had no effect on onion and sugar prices in Dhaka, though onions have eased slightly as supply has increased.
The commerce ministry says onion stocks are sufficient but warns prices may stay fragile for another month until the new crop reaches markets.
The agriculture department in Saidpur, Nilphamari, has started a trial of the N-53 onion, which can be grown in both winter and summer, to ease onion shortages.