The prices of onions will drop within a couple of days due to incoming stock from both Myanmar and Turkey, said Commerce Minister Tipu Munshi.

His remarks on while briefing the media at his secretariat offices on Wednesday (Oct 2).

The minister said that 483 ton of onions from Myanmar have already reached Teknaf in the southeastern district of Cox’s Bazar.

“Another lot of around 400 to 500 ton from Myanmar is expected to come in today,” he added.

“Onion is coming in from Myanmar everyday and have already started coming in from Turkey. Hence the prices will go down in a couple of days,” he said.

Munshi said that there is no way to overcome the crisis without increasing production and the consumers have to be more aware.

“Another reason behind the prices soaring is the people scramble to buy onions when India said that they won’t export onion,” he said.

He said that onion was being imported from Myanmar at Tk 42-43 and the prices should at the highest be Tk 50-55.

Meanwhile, in a bid to control the soaring prices of the kitchen staple, Trading Corporation of Bangladesh (TCB) opened sale of onions at Tk 45 per kg across the country from Tuesday (Oct 1) after India banned the export of onions on Sunday (Sept 29).

Bangladesh is one of the top three destinations for Indian onions and prices first started to rise since floods hit one-third of Bangladesh in July this year.

The government has also deployed monitoring teams across the country to check the onion prices in the market.