Onion prices did not come down despite raids by the authorities in different wholesale and retail markets across the country.
Amid surging prices of onions throughout the country, 90 tonnes of onions are waiting to be unloaded after imports from India through Benapole port five days ago
Prices of onion increased by Tk 100 or more per kg overnight as traders began stockpiling following the news that India had extended a virtual restriction on its export.
About 7,000-8,000 workers have taken up this seasonal occupation since November, working round the clock in the coasts of the Bay. About 12,000 fishers are also spending busy days, catching sea fish varieties used as raw materials
The poverty situation in Bangladesh was higher than expected in 2020-21 as the COVID constrained economic activity and reduced incomes. The situation worsened further amid spirals in global food prices in 2022. And the global economic slowdown could push more people into poverty this year.
India has extended the ban on the exports of onion till March next year with a view to increasing availability in domestic markets and to keep prices in check, according to a notification issued by the Directorate General of Foreign Trade yesterday.
Leaving his chicken shop to his salesman, Abul Kashem rushed to gate-1 of New Market around 11:00am yesterday to buy essentials from a mobile shop of the government’s Open Market Sale programme.