Onion farmers, who saw high profits last year, are now struggling due to a sharp drop in prices at the peak of the harvesting season.
Bangladesh’s reliance on India for onion imports is a structural vulnerability that demands a long-term strategy.
The growers dumped onion on Pabna-Sujanagar road demanding a fair price
The reduced import taxes will remain effective until Nov 30 this year
India’s National Cooperative Export Ltd will purchase 1,650 tonnes at Rs 29 a kg
India’s Consumer Affairs Secretary Rohit Kumar Singh says today in New Delhi
The director general of the Directorate of National Consumers Right Protection says
DNCRP fined four traders in Chattogram Tk 40,000
Onion set prices have doubled in Bangladesh, dashing the hopes of the inflation-hit people for an immediate reduction in the prices of the key cooking vegetable through the cultivation of early winter varieties.
As onion prices spiral out of control fuelled by a supply shortage, a huge amount of rotten onion was found to be dumped in Chaktai canal adjacent to Karnaphuli River.
When things hit rock bottom humans have a tendency to find ways to laugh at them. It is related to that ambivalence of a bizarre event when you don’t know whether to laugh or cry.
Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon says traders in his area will have to sell onion at the price fixed by the government, otherwise, actions will be taken against them.
Amid the skyrocketing price hike of onion, Commerce Secretary Jafar Uddin warns that the government would go for tough legal action if anyone attempts unstable the market.
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
The prices of onion, an essential cooking ingredient, will go down in 24 hours because of the government’s measures and for its adequate supply in the market, a member of Bangladesh Tariff Commission (BTC) has assured.
Commerce Minister Tipu Munshi asks Trading Corporation of Bangladesh (TCB) to take immediate measures to sell daily essential commodities including onion, sugar and garlic in open markets to keep prices of those within limit of common people.
Both the homegrown and imported onions are getting pricey ahead of Eid-ul-Azha despite the fact that government allowed a duty free import of Indian onion.
