Dhaka: Onion prices have increased again in Bangladesh. Prices have increased due to a decrease in onion imports and a decrease in the arrival of new crops. According to media reports, on Friday, retailers were asking for 180 takas (currency of Bangladesh) for 1 kg of onion whereas its prices last week were between 100-110 taka per kg.
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Traders have said that due to sudden rain since Thursday night, onion prices have increased. Vegetable seller Almas Hussain of Pirrbagh of Mirpur has told that the price of domestic onion was going up 120 takas per kg 2 days ago. He said, "If I got onions at 160 takas per kg from the wholesale seller, then I cannot sell below 180 takas per kg." The price of onions coming from China and Egypt was 45-55 taka per kg last week, but on Friday it too started selling at 70 takas per kg.
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A day after the onion price hike, Commerce Minister Tipu Munshi has asked traders to answer for this. Before the commencement of Ramadan in April, he was warned about the increase in onion prices. Onion consumption increases during Ramadan in Bangladesh. According to Munshi, the country usually requires an additional 200,000 tonnes of onions in this month. He said that the government is preparing to increase imports to meet the consumption of onions.
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