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Retailers have been raising prices for the commodity in parts of the capital since news broke Monday that the neighboring country had stopped exporting onions.
According to retailers, prices of all types of onions have increased in various phases in the Dhaka wholesale markets since Tuesday morning.
It has been proven that the price of a kilo of national onion has increased from 80 to 90 tobaccos to 100 taka in a single day. And Indian onions sell for Rs 60-70 per kg.
If India stopped exporting onions in September last year, the price of the product would rise to Tk 300 per kg in Bangladesh. Subsequently, an attempt was made to control the situation by importing onions from different countries, but the market remained tolerable until March of this year.
On Monday, the Foreign Trade Department of the Indian Ministry of Commerce announced a ban on onion exports again, and the country’s traders stopped onion trucks heading to Bangladesh at the border. They say the onion, which is now priced at £ 250 per metric ton, will launch only if it is increased to £ 650.
From then on, the price of domestic and foreign onions started to rise in Bangladesh.
On Tuesday, Shantinagar, Malibagh, Shahjahanpur, Rampura, Badda Bazar and other markets in the capital were found to be true.
Many people are buying more onions for fear that prices will continue to rise
Seen in the markets, whoever is buying different products in the market, do not forget to bring onions. Many have also been seen buying additional onions for fear of further price hikes.
Retailers say some buyers are buying 10 to 50 kg of onions despite the sudden doubling in prices. They fear that the price will rise further.
Retailers have stopped exporting from India and accused the wholesalers of “manipulation” as the price of onion has almost doubled at once.
However, wholesale traders have blamed those who collected local onions from the villages and brought them to the yard, avoiding their responsibility for the price increase.
Malibagh Market Gazi store vendor said. Rubel told bdnews24.com on Monday that they had sold domestic onions at Rs 75 / kg and Indian onions at Rs 50 / kg.
“When I went to look for onions this morning, I saw that the wholesale price was 65 rupees per kg for domestic onions and 80 rupees per kg for Indian. Then I left with only 20 kg.”
Harun Aur Rashid, a local resident, bought seven kg of onion at the Gazi store for 90 Tk.
When asked why he was buying seven kg of onions at a time, he said: “The price of onions is suddenly going up because of journalists. I saw on the news that India stopped hundreds of trucks loaded with onions at the border. Han stopped exporting onions. Because of this, prices are likely to continue to rise. “
Recalling that last year the price of onions was 250 to 300 rupees per kg, he said: “I already bought some onions thinking that the price will go up again.”
Trader Rubel said that a buyer bought 15 kg of Indian onions at Rs 60 in the morning.
He said: “Yesterday, the onions were sold at 80 Tk per kg. Since prices have increased by 50 percent today, the customer should have taken half of what he needed. Then the market price would have been somewhat stable. But some of the customers buy 10-20 kg and store it at home. “
Many people are buying more onions for fear that prices will continue to rise
A vendor from Mamata Store in Shantinagar Bazar said: “Someone needs five kg, they are taking 50 kg. Today I bought 75 rupees a kg. We have nothing to do. Today some people have bought onions up to 30kg and 50kg. Fearing that prices will continue to rise. “
The owner of the shop, Delwar Hossain, said on Monday that they had sold domestic onions at 65 Tk / kg and Indian onions at 55 Tk.
“Today, domestic onions should be sold at Tk 8 and Indian onions at Tk 75 per kg. Today, the wholesale price for domestic onion is Tk 60 and Indian onion is Tk 80.”
He said that the wholesale price for domestic onion was Rs 60 per kg on Monday and Indian onion was Rs 42 per kg.
“Those who bought onions at the wholesale market very early today have been able to buy them at a slightly lower price. Again, those who left a little later have to buy at a slightly higher price. Because of this, the price of the onion is also fluctuating in the retail market. “
Asaduzzaman, a resident of the Shantinagar area, bought 5 kg of onion in a store for Tk 75 per kg.
When asked if he had bought more onions than he needed for fear of further price increases, he said: “We have two houses. I bought more onions because I needed them.
“I bought 75 rupees a kg. Some shops in the market sell for 100 rupees. “
National and Indian onion prices at the Malibagh market on Tuesday
When asked about the price of the onion, Shahidullah, the owner of Shahid General Store in Shantinagar Bazar, showed his receipt.
He said: “Today I had to buy local onion at 75 Tk per kg (wholesale) and I sell it at 90 Tk per kg. I don’t know if I’ll get it tomorrow in the wholesale market ”.
Maidul Islam Mahin, a trader in Rampura Bazar, said that on Monday, domestic onions were sold at Tk 75 and Indian onions at Tk 55 per kg, but on Tuesday, the country bought in bulk at Tk 75 and imported onions to Tk 80.
He is forced to sell domestic onions at Rs 90 and Indian onions at Rs 60 / kg.
If you want to know the reason for the price jump, the general secretary of the Shyambazar Onion Merchants Association, the largest wholesale market in the capital. Majed claimed that the price was not increased on his part.
“Rising prices have completely stopped onion exports from India, that’s one of the reasons. And those who bring onions from the villages have raised the price of onions in ‘batpari’.”
On Tuesday, domestic onions were sold at Rs 60 or 62 per kg and Indian onions at Rs 70 per kg, the trader said.
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