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 […]
Prices of both local varieties and imported onions rose by more than Tk 50 per kg in Dhaka markets in just one day. Onion prices started rising by Tk 10-20 per kg in Dhaka markets on Friday after media reports of India extending the ban on onion export till March 31, 2024 to control the […]
India has extended a ban on onion exports by three months to curb prices and increase supplies in local markets. The ban, which sets a minimum export price (MEP) of US$800 per tonne, will remain valid till March 31, 2024, a notification from the Directorate General of Foreign Trade said on Thursday.
According to the state-owned Trading Corporation of Bangladesh (TCB), the price of local varieties of onion rose by 3 percent to Taka 90 per kilogram from Taka 80 per kilogram last week and the price of imported onions increased by about 4 percent. It increased to 75 taka per kg from 65 taka last week. […]
Sohnur Rehman was bargaining for eggs in Palashi market of the capital on a Saturday afternoon. When he was asked for 150 taka per dozen eggs, he told the seller that the government had fixed the price of each egg at 12 taka, so he should not pay 12 and a half taka. However, the […]
According to the UNB report, in view of the rising prices of onions in the country, the Ministry of Agriculture on Thursday approved the import of onions from nine other countries. 2,400 MT from China, 3,910 MT from Egypt, 1,1820 MT from Pakistan, 1100 MT from Qatar, 2100 MT from Turkey, 200 MT from Myanmar, […]
Indian onion was being sold at 65-70 taka per kg on Sunday, while the local onion was being sold at 90 taka per kg. On Saturday, the per kg price of Indian and local variety onions was Rs 55-60 and Rs 75, respectively. Sujan and Kavsar, traders of the Mylpota evening market in the district […]
India is headed for its driest August in more than a century, with scant rainfall over large areas partly due to an El Nino weather pattern, two meteorological officials told Reuters on Friday. August rains, expected to be the lowest since records began in 1901, could hurt yields of summer-sown crops, from rice to soybeans, […]
Whose responsibility is it to break the syndicate?
He said, “We have discussed this at the highest policy making level. We are monitoring the market very closely and are looking forward to coming InshaAllah, you will get a decision whether we will import onions or not in 2-3 days.” “ Last week, Agriculture Secretary Waheeda Akhtar said that the government is considering importing […]
