Prices of onion are rising daily in the wholesale and retail markets in Chittagong ahead of Eid-ul-Azha.
The price of the essential item has almost doubled within a span of one week at Khatungonj in the port city, one of the largest commodity hubs in the country.
Businessmen in the market claimed that the price of onion had gone up as its price rose in India in recent time. They have to import the item at increased price from the neighboring country.
Huge amount of onion were imported from India through the land ports to meet local demand, said the businessmen.
Price of local variety of onion also increased. But the businessmen could not say the reason for the increase of price of the local variety of onion.
On Tuesday, onion imported from India was being sold for Tk 40-41 per Kg at warehouses of Khatungonj though the price was 20-25 last week. In retail markets onion was selling Tk 45-55 per kg in the city.
Md Idris a wholesaler of Hamidullah Market of Khatungonj said importers import onions usually from Gujarat and Rajasthan of India and supplied those to warehouses of Khatungonj and other wholesale markets.
‘The importers set a price and tell us to sell their onion at the price which they fixed. We get a commission of 50 paisa per kg as commission agents. We have no scope to increase the price. Usually importers increase the price,’ said Idris.
‘Importers set Tk 40-41 selling price for per kg onion on Tuesday. They informed us that suppliers of India almost doubled the price citing heavy rains that caused damage of onion in their country,’ added Idris.
Idris, who is also the general secretary of the merchants association, said onion price will rise more in coming days.
Md Jamal Hossain, organising secretary of Khatungonj Trade and Industry Association, claimed there was no manipulation by Chittagong businessmen behind the rising price of onion.
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