Onion prices, which showed a slight decline a few days ago, have started rising again from Tuesday as retail costs soared to Tk 80-95 a kg in different urban areas. A vendor at Rayer Bazaar kitchen market in Dhaka said: "Prices have increased today at Shyambazar, Karwanbazar and Beribandh wholesale outlets. I bought onion at Tk 78 a kg today which was Tk 71 a kg on Monday.”
A spice trader at Shyambazar stated that prices of onion might surpass even Tk 100 wholesale for lack of import. He said onion production has declined notably this year in major hubs.
Yet, big traders in Rajbari, Faridpur, Gopalganj, Pabna and other hubs have stored a big chunk of onion to make windfall profits before Eid-ul-Azha, he claimed.
One Shyambazar-based spice trader and importer said many Indian exporters were ready to ship onion following verbal orders from their Bangladeshi counterparts. Several days have elapsed but the permission was not granted, forcing them to return back their trucks from the Indian part of Hili border.
[ Tk 100 = €0.87 ]