Onion price falling at wholesale market

17 Sep 2020 13:17, Somoy English Desk
Onion price falling at wholesale market
Onion price falling at wholesale market

The price of onion which was hiked following the export ban by India has started to come down at the country’s wholesale market. 

Indian onion is now selling at Tk 57-60 per kg while the local one at Tk 75-80 a kg at Karwanbazar . 

Traders said there is hardly any buyer at the market. 

They said there are enough onions in every shop of the wholesale market. 

Wholesalers said the onion price will come down further if onion-carrying trucks that got stranded in India enter Bangladesh and the cooking ingredient is imported from other countries. 

The Indian government on September 14 banned the export of all varieties of onion except in cut, sliced or powdered form.

Meanwhile, Bangladesh has shared its deep concern with India over the sudden ban on onion export, saying it undermines discussions that took place between the two friendly countries twice in this regard.

The sudden announcement of the Indian government’s onion export ban "undermines" the discussions that took place in October last year and January this year between the two friendly countries on the matter and the understanding shared, according to a letter sent by the Ministry of Foreign Affairs to Indian High Commission in Dhaka.

The Indian High Commission has been requested to convey Bangladesh's message to the authorities concerned in India and take necessary measures to resume the export of onions to Bangladesh taking into consideration the excellent ties of friendship and understanding enjoyed by the two countries.

The Ministry of Foreign Affairs mentioned that the sudden announcement of amendments in India's export policy of onion directly impacts the supply of essential food items in Bangladesh.

Another letter was sent to the Ministry of External Affairs, India through Bangladesh High Commission in New Delhi.


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