Onion is becoming more pungent, kitchen market overview

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Onion price has marked a sharp rise in city markets over the past week, aggravating the suffering of consumers who have been experiencing a continued price hike of essential food items.
Chicken and fishes however have become cheaper over the week as their supplies increased.
Up Tk 4 to Tk 6 in less than a week and Tk 10 in a month, per kilogram of
Onion was retailed on Friday at Tk 40 to Tk 44 per kilogram in different kitchen markets in the city.

Onion price is being pushed up due mainly to a poor supply from the importers Though Indian authorities concerned on November 1 had cut its minimum export price by $50 to $375 per tonne.

Fearing new stocks of early-harvested local onion that are expected to hit the market by the third week of this month, some importers may have stopped making orders for fresh consignments as they expect new local stocks to hit the market soon, resulting in a downtrend in its price.

More or less, half of Bangladesh’s onion consumption depends on imports from India, which exports more than one million tonnes of onion a year.

Broiler chicken was retailed at Tk 115 to Tk 125 per kg in the city markets on Friday, marking a Tk 10 price fall over the week.

An increase in consumption of beef following reduced anthrax fear and cheaper fishes contributed to the decline in chicken price.

Except that of potato, vegetable prices have not risen in the week as supply of winter produces, mainly leafy vegetables, increased.

The prices of rice, flour, sugar, pulses, and other major essential commodities have remained unchanged in the week.

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