Indian onion pushes down price significantly

Staff Reporter  :
About one thousand 288 tonnes of Indian onions have arrived in Bangladesh easing down the price of this essential kitchen item.
After the government’s announcement of the resumption of onion imports after more than two months of restriction, onions from India started arriving in Bangladesh through several land ports in the last two days.
On Monday afternoon, 11 trucks with 287 tonnes of onions entered through Bhomra Port of Satkhira immediately followed by 10 more trucks.

Bhomra Land Port Superintendent Iftekharuddin confirmed the matter. He said since the government permitted onion import, those who have old LC are trying to import onions by taking new LC.
Sources said that as the news of onion import broke, prices started to go down by about Tk 25 per kg in Satkhira. Onions sold at Tk 90-100 per kg just a few days ago, came down to Tk 75-80 this morning.
Abdul Bari, an onion trader at Sultanpur Bara Bazar in Satkhira, said the price of onion was Tk 90-100 per kg before arrival of the Indian onions.

He and the other traders said that the onion prices have come down since Monday after the government announced the decision to import onions. The trader said that the price of onions will come down further.
Meanwhile, traders said that in wholesale markets, the prices have fell by Tk 30 per kg.
The government stopped importing onions from India since March 16 this year, to ensure fair prices for onions produced by local farmers.

The agriculture ministry took the decision on June 4, to allow the import of onions, considering the unusual increase of the price of the most essential commodity.