Onion prices slightly down

Staff Correspondent | Published: 01:06, Nov 18,2019


People swarm an open market sale truck to buy onion at a fair price near Khamar Bari in Dhaka on Sunday. — Abdullah Apu

Prices of onion decreased slightly in the city markets on Sunday as its early variety started to hit the market and supply of imported item increased a bit.

The prices decreased by Tk 10 a kilogram and the local variety was selling for Tk 220-240 a kg and the imported one for Tk 290-220 a kg in city markets on Sunday after constant rise in the essential commodity prices since mid-September.

Traders said the supply of imported onion from Myanmar and Egypt increased in the market and at the same time early varieties hit the city markets.

Commerce ministry on Sunday held a meeting with  the officials of civil aviation, customs and related other government departments on quick unload of onions from air cargo.

Ministry officials expected the first batch of onion imported from Egypt would reach Dhaka Tuesday by air cargo.

Newly-harvested local variety of onion was selling at Tk 112 a kg in Faridpur and Tk Tk 100 a kg in Madaripur on Sunday, reports United News of Bangladesh.

One of the officials of commerce ministry said the prices of onion would come down soon as the government owned Trading Corporation of Bangladesh would import the item from Turkey by air for open market sales.

Currently, 35 trucks of TCB faced huge crowd of consumers in the city and the supply on every truck would be increased after the imported onions reaches, he said.

The price of the commodity increased by Tk 15-20 to Tk 55-65 a kilogram in Bangladesh on September 14, the next day, depending on the variety.

On September 29, when India imposed a ban on onion export the price hit Tk 120 a kilogram on September 30 in Dhaka’s kitchen markets.

The prices of onion topped Tk 250 a kg in the city markets on Saturday.

Agriculture minister Mohammad Abdur Razzaque on Sunday said new onions would hit the market within 20-25 days and then the prices of the item would come down.

Following an event organised by the Federation of Bangladesh Chambers of Commerce and Industry at Sonargaon Hotel in the city, the minister said the government had taken a decision in principle not to import onion during peak of the season to ensure reasonable prices of the item for growers.

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