Govt allows import of 5 lakh tonnes of crude salt

Staff Correspondent | Published: 23:02, Jul 17,2017

 
 

The government on Monday allowed import of five lakh tonnes of crude salt to keep the supply and the price of the essential item stable at the domestic market.
The commerce ministry on the day issued an order allowing import of unrefined salt through amending a provision of the Import Policy Order for 2015-2018 which banned import of salt.
Earlier on July 5, the ministry announced that it would allow import of salt amid excessive price hike of the product in the country.
The price of good quality refined edible salt rose to Tk 38-Tk 40 a kilogram in recent days following a shortage of supply of crude salt.
In the order, the ministry said that the salt would be imported through genuine salt mill owners from the private sector.
Importers will have to open letters of credit for import of salt with prior approval from the Office of the Chief Controller of Import and Export, it said.
Import will be completed within four months from the date of issuance of the order as the ministry suspended
the prohibition of salt import for the time being.
The total annual demand for salt in the country is around 15.76 lakh tonnes, whereas production is 13.64 lakh tonnes, according to the ministry data.  

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