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The onion market has become restless on the news that exports from India have stopped. The price of onion has almost doubled to Rs 100 per kg in one day.
Without any prior announcement, India rushed to stop onion exports to Bangladesh yesterday. After less than 24 hours, the price of onion increased in the country’s market.
Also in September last year, India stopped exporting onions to Bangladesh without any announcement. As a result, the price of onion rose to Rs 300 per kg.
This time too, India stopped exporting onions in September. Out of fear that the onion price will become abnormal again, some people have started buying additional onions.
On Tuesday, the price of one kg of domestic onion was found to be Rs 90-100. Imported Indian onions sell for Rs 60-65 per kg. But yesterday the price of the domestic onion was Rs 60-65 / kg and the imported onion price was Rs 50-55 / kg.
Retailers say onion prices have risen sharply in the wholesale market. The wholesale price of domestic onion, which was Rs 50 / kg yesterday, has risen to Rs 75-80 today.
Malibagh Hajipara wife-market trader on the price of onion. Jahangir said: “Yesterday I sold 60 kg of domestic onion.” Today the wholesale price is 80 rupees. That is why I sell onion at Rs 90 per kg.
He said that the situation in which it seems that onion prices may rise further. This is because the quantity of onions bought has increased today after India stopped exporting yesterday. If this situation continues, there may be an artificial onion crisis in the market. It is difficult to say if the situation will be the same as last year.
100 kg of onion sold in the same market. Sohail said, today you can buy 100 rupees per kg. Tomorrow you will see that you have to buy and eat 150 rupees per kg. See if the price goes up more this afternoon. Buyers of onions have already increased in the wholesale market.
Meanwhile, in Rampura, Joynal Mia was selling local onions for Rs 60 / kg from a van. In two minutes, all of her onions were used up. In this regard, said Joynal, yesterday I bought my onion. I have sold Rs 60 per kg to make some profit.
He said that someone came and asked about the price of the onion. As soon as I said 80 rupees, he asked me to give him five kg of onion. Then some people came and bought all the onions. Never before have I sold onions in such a hurry. I don’t know if I sold onions at low prices.
Talking to this merchant, he went to the Rampura market and saw that the merchants were selling 100 kg of local onion. It sells Rs 60 to Rs 75 per kg of onion imported from India. The onions were seen to be sold at the same price at the Taltola market in Khilgaon.
Said businessman Khilgaon. Hiru said that the price of onion has risen more than 20 Tk per kg in the wholesale market today, as India stopped exporting onions yesterday. We have to sell onions at higher prices because we buy at higher prices.
Meanwhile, when someone buys onions and walks down the street, a lot of people want to know, how much did you buy onions, brother? Jago News reporters have seen such scenes in Rampura, Malibagh and Khilgaon.
Arifur Rahman, a resident of Malibagh, said: “I bought five kg of onion at 100 Tk per kg in the market.” Five minute walk home. At least five people wanted to know the price of the onions as soon as they came off the market. This means that there is a kind of panic among everyone about onions.
When contacted about the onion price, Sohelur Rahman from Ajmeri Bhandar in Shyambazar said that the onion price had risen a bit wholesale. Domestic onions are sold at Rs 60 per kg.
What happened last year
When India stopped exporting in September last year, the price of onion soared to Rs 300 per kg. After that, the government made various efforts to reduce the price of onions. Onions are imported from Myanmar, Egypt. This reduces the price a bit. Even then, the onion sprouts were quite spicy. The onions did not match below one hundred rupees.
As a result, buyers are forced to buy onions at higher prices. Trading Corporation of Bangladesh (TCB), a government organization, started selling onions to low-income people at low prices. There were also clashes over the purchase of onions from TCB.
Among them, new national onions began to reach the market in November last year. As a result, there is some relief among buyers. In December, the price of new onion fell by Rs 100 per kg. Then, in early March this year, India announced the lifting of the export ban. As a result, the price of onions on the domestic market fell to Rs 40 per kg.
But the price of onion rose again at the end of March due to the outbreak of the coronavirus epidemic. Buyers started buying additional onions as prices increased. The price of domestic onion rose to 80 rupees. The Consumers Directorate and the RAB called the field to handle the situation. One campaign after another unfolded in the onion market.
Meanwhile, the supply of domestic onions is increasing in the market. Indian onions come with. This brought the price of onion back down to Rs 30 per kg. However, before Eid, the national onion price rose to 40 taka per kg. Last month, the price of imported onion was between Rs 20-25 per kg. And the local onion cost between 40 and 45 rupees.
MAS / BA / JIM
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