Prices dropped after announcement

Bangladesh government approves import of 280,800 tons of onions

In a press release on Monday, the Ministry of Agriculture stated that the government of Bangladesh has approved the import of 280,800 tons of onions. Earlier, Agriculture Minister Md. Abdur Razzaque told reporters that the Ministry of Agriculture will give permission or IP to import onions from Monday. The ministry has taken this decision to protect the interests of all consumers, including mitigating the suffering of the working people and the limited income people due to the abnormal increase in onion prices.

The price of onion fell to Tk 75 per kg after the announcement of the imports from India. In the wholesale market of Khatunganj, onions that sold above Tk 90 to 95, have been offered for sale at Tk 75 per kg at the beginning of the day on Monday. However, buyers are hard to find.

Retail traders do not want to buy onions from the market due to the fear that the price will fall further. As a result, no matter what price is given, buyers are not found in the wholesale market. Because onion is mainly bought by retail traders.

[ Tk 100 = €0.87 ]


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