Onion prices decline, rice getting costlier

Staff Correspondent

21 November, 2019 12:00 AM printer

Onion price is declining though rice price is on the rise in the capital since the last couple of days. 

The price of onion has dropped from Tk 260-270 to Tk160-170 per kg at different kitchen markets in the capital on Wednesday.

The price fall has been observed in the markets after the government had taken necessary measures in this regard.

But the price is still high compared to the last year’s price of the essential spices.  The price of local onion was Tk35-40 per kg and imported onion was Tk25-35 per kg in November 20, 2019, according to the trading corporation of Bangladesh (TCB).

But the price of rice has been increasing in the markets since the last couple of days.

Prices of some varieties of rice have increased by Tk3-8 per kg in the capital.

The retailers claimed that the prices of rice went up as mill owners hiked the prices at mill gates.

While visiting different kitchen markets in the capitals on Wednesday this correspondent witnessed that coarse variety of Sawrna rice was selling at Tk38-40 a kg while BR-28 at Tk42-45 against Tk38 a few days ago.

The price of fine quality miniket rice variety was sold at Tk50 a kg against Tk40-45 last year.

Sultan Ahmed, a local trader at Mohammadpur, said, “Rice price has increased as a syndicate of millers and wholesalers is working behind the price manipulation.”

Food Minister Sadhan Chandra Majumder on Wednesday admits that retail price of minicate rice soared by Tk.4.

“After monitoring the mills and markets, we have found that there isn’t any shortage of rice in stock. There’s no need to import rice. Instead, we are ready to export the food grain.”