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.
The DNCRP conducted the drive in Dhaka’s Karwan Bazar today
The move comes when India imposes 40% export duty on onion
59 trucks brought in around 1,800 tonnes of the bulb
The Bangladesh Trade and Tariff Commission (BTTC) yesterday requested the revenue authority to lift all import tariffs on onion until December 31 this year as its domestic prices spiked after India slapped 40 percent export duty on the vegetable.
The commission writes a letter to the NBR
Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.
Commerce Minister Tipu Munshi says
The price of onion is slashed by half in Jatrabari wholesale market, one of the largest wholesale markets for essential items in the country, after mobile court fines traders there.
Tofail Ahmed, chairman of the parliamentary standing committee on commerce, yesterday said there was no syndicate in the onion market and that the prices of the bulb could not be brought down by force.
With onion prices remaining high and unstable, consumers are bearing the brunt of high prices of essential foods, including vegetables, according to shoppers and market data.
