Nearly five months after the export ban, on February 26, India decided to exempt Bangladesh as well as five other countries from the export ban on onions up to a certain quantity. Last month, the export ban on onions was extended till further orders.
However, the government issued an order late on Friday night that the ban will continue until further notice. “Given the falling prices coupled with the increasing supply of the new season crop, the expansion is surprising and completely unnecessary,” an official at a Mumbai-based export firm said on condition of anonymity. Onion prices in some […]
Following the sudden price drop at the production level, the retail price of onion has fallen by at least Tk 30 in Dhaka's kitchen markets. There was a huge surge in onion prices even before Ramzan, prompting the authorities to take a special initiative to keep the market under control through import of Indian varieties. […]
Earlier on February 20, the government had decided to reduce the price of soybean oil by Tk 10 to Tk 163 per liter from March 1. The state minister said, “Millers have started supplying edible oil at Rs 163 per liter from March 1 and this oil will reach the retail markets in a day […]
The minister said that unscrupulous market syndicates increase the prices of essential commodities on various pretexts. Hasan said that it is true that those who want to topple the government are also associated with this syndicate. Rangunia Samity, Dhaka President Md. Ghiyas Uddin Khan presided over the event. Whip Saimum Sarwar Kamal, Foreign Secretary Masood […]
However, the Indian government said that despite the overall ban on onion exports, kitchen items will be exported to six countries in limited quantities at the G2G (government to government) level. Although it is being said in media reports that the government has taken this decision due to the recommendations of the Foreign Ministry of […]
Just as the political leadership of Bangladesh is unable to reach a consensus on any domestic issue, similarly they are equally adamant on foreign policy issues. BNP leaders say the border with Myanmar is turbulent and unsafe due to the government’s subservient foreign policy. On the other hand, Awami League leaders are not ready to […]
The price of eggs also increased by at least Tk 5 per dozen during the week. Brown eggs were priced at Tk 135-140 per dozen while eggs were priced at Tk 130-135 per dozen. Traders say that the prices have increased due to low supply of eggs. According to TCB, egg prices have increased by […]
James Carville, campaign manager for former US President Bill Clinton, had the last word on the relationship between the economy and elections. In the 1992 election, Clinton’s opponent was George Bush, who had seen a surge in popularity due to Iraq’s invasion of Kuwait in 1991 and the Gulf War. However, within a year, Bush’s […]
Apart from imposing additional duty on onion exports or completely banning exports, the Government of India takes some other steps to control the onion price. One of them is storing onions in large quantities and selling them at lower prices during times of crisis. The Government of India has a fund, the Price Stabilization Fund […]
Catch not only small, but also big fish
Cabinet Secretary Mohammad Mehboob Hussain told this to the media at a press conference held on Monday afternoon to unveil the decisions taken in the morning cabinet meeting. Prime Minister Sheikh Hasina chaired the meeting in her office (PMO).Mehboob Hussain also told the media that this issue was not on the agenda of today’s cabinet […]
Bangladesh stands not only as an important onion market but also as the world’s leading onion importer in terms of volume. This difference is based on a comparison of country-wise onion import data. According to the National Board of Revenue (NBR), Bangladesh imported a staggering 727,000 tonnes of onions in 2022, overtaking all other countries […]
Raids in markets to control onion prices
After India increased the ban on onion export, onion prices have started increasing in the local market. Since the major source of onion import has closed, onion has to be imported from alternative countries. But due to the restrictions imposed by India, prices have started increasing in alternative markets also. India has extended a ban […]