After a little fall, prices of onion have once again begun surging in the city markets, with rise by Tk 50 per kg on Thursday.
Traders in city markets were seen selling local variety of onion at Tk 140-150 a kg which was Tk 90-110 in the previous week. The imported onions were selling at Tk 70-140 which were Tk 65-80 in the last week.
© Provided by The New Nation
In the mid December last year, prices of local variety rose by Tk 180 but it dropped to Tk 100 per kg in the beginning of this month.
Traders said insufficient supply of the key cooking ingridient caused the price hike as a group of farmers early started collecting onion with leaves from field because of prices increase.
Traders said Onion import from India has been stopped for a long time through the hill port of Dinajpur. Local importers are willing to import onion from India but they are unable as they are getting necessary Import Permit (IP) from the concerned authority.
Commerce Ministry sources said that IPs will not be issued for onion imports from India to ensure self-sufficiency in onion production and fair value for the domestic farmers.
Unusual situation was seen in the markets of onion following India stopped exporting the spice to Bangladesh on September 29 last year. As a result, prices of onion hit Tk 250 per kg.
Consumers alleged that prices of onion are raised through syndicate and there are no effective monitoring measures in the markets.
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On the other hand, prices of garlic have been increased this week. According to Trading Corporation of Bangladesh (TCB), local variety of garlic was selling at Tk 170 per kg in the city’s kitchen markets which was Tk 150 per kg in the previous week.
Meanwhile, the prices of ginger have been increased by Tk 20 per kg. Gingers were selling at Tk 130-180 per kg which were Tk 110-160 per kg in the previous week, according to the TCB data.
And the prices of edible oil have been increased by Tk 5 per five litre bottle this week.