Onion prices still high in retail market

Sun Online Desk

28th September, 2019 08:27:16 printer

Onion prices still high in retail market

The prices of onion still remain high in the retail market although the prices have declined in the wholesale market.

Different wholesalers said, “Onion price has declined by Tk 5-7 per kg.” The local onion was selling at Tk 58-68 per kg and imported one at Tk 55-60 at the wholesale market in the capital.

But in the retail market, Onions are being sold at Tk 70 to Tk 80 per kg.

The government has taken various initiatives including market monitoring and importing onion from other sources and also the Trading Corporation of Bangladesh (TCB) has begun the sale of onion at a subsidised price in the open markets in Dhaka but still, the prices are high.

According to TCB, local onion prices increased by 38.10 percent while imported one increased by 42.31 percent by one month.

The domestic production of onion was 23.3054 lakhs tonnes in FY 2018-19 against the target of 23.76 tonnes.

The local onion and the imported onion prices were Tk 50-55 per kg and Tk 45-50 per kg a month earlier.

On September 17, Tariff commission Member (Trade Policy Department) Abu Raihan Alberuni said that onion prices are expected to come down in the next 24 hours in the retail market.