Onion price
Onion Market: Now wholesalers on a slippery slope
Amid the steady fall in its price, wholesalers as well as retailers now refrain from buying onion fearing a further price fall as the locally-grown variety along with the imported ones started hitting the market.
Onion price starts falling; wholesalers receive backlash
As onion price started falling with the government’s move to import it and arrival of the locally-produced one in the market, the wholesalers in the capital were seen passing idle time on Sunday due to poor turnout of retailers fearing losses.
BNP to stage countrywide demo against onion price hike Monday
BNP will stage protest rallies across the country on Monday against the unusual hike in the prices of essentials, including onion.
Onion still selling at ‘Tk 260’ in retail markets
Onion price in the city's wholesale markets remained almost unchanged on Saturday compared to Friday’s amid fall in sale after the government’s announcement to import it from different countries on an emergency basis but it continued to soar in retail markets.
Surge in onion price: Traders attack mobile court in Chuadanga
Two policemen and a journalist were injured in an attack allegedly by some businessmen when a mobile court on Saturday fined two of them at Nicher Bazar wholesale market in the town for selling onion at excessively high price.
Onion prices keep soaring
An artificial crisis created by syndicates of importers and various groups in different areas is behind the unusual hike in onion prices which reached Tk 220 in the capital’s markets on Friday, traders alleged.
Onion price soars to Tk 250 per kg in Khulna
Keeping pace with other parts of the country, markets in Khulna saw tear-jerking onion prices on Friday with each kilogram selling at Tk 230 to Tk 250.
Onion price jumps; almost 25 pc rise in one day
Chattogram, Nov 14 (UNB) – The price of onion moved up further by Tk 40-60 to Tk 180-200 per kg at the retail market here on Thursday, proving futile the government’s all mechanisms to cool down the overheated onion market, and much to the anger of consumers.
Consumers alleged that unscrupulous businessmen continued to raise the onion price through syndication as the ‘government has no control over the market’.
However, traders at Khatunganj wholesale market blamed the supply shortage as the import against the demand is inadequate as well as the failure to release the imported onion from ports due to cyclone Bulbul for the skyrocketing price of the cooking ingredient.
Meanwhile, Commerce Secretary Dr Jafar Uddin on Thursday said the onion price will not start falling to the previous level before the first week of December.
Visiting different markets, it was found that all varieties of onion -– local, Myanmar, Egyptian and Indian -- were selling at Tk 190-Tk 200 per kg at retail market on Thursday.
In wholesale markets, local onion was selling at Tk 160-Tk 180, Myanmar onion at Tk 140-Tk 165, Egypt onion at Tk 135-Tk 140 and Indian onion at Tk 130.
The price was Tk 115-Tk 120, Tk 105-Tk 110, Tk 90-Tk 98 and Tk 130-Tk 140 respectively three days back.
In the capital, the wholesale price of onion was Tk 180 per kg at Karwanbazar on Thursday.Talking to UNB, wholesaler Md Mosharraf said the price has gone up as the demand is much higher than the supply.
Another wholesaler Md Alamgir Hossain said he sold local variety of onion at Tk 190 per kg on Thursday and it will rise further on Friday. “If the onion supply reduces in the wholesale market, the price gets higher naturally in retail markets,” he said.
Bolai Kumar, a wholesale trader at Khatunganj, blamed the government and the local administration for the price hike, saying, “Without finding out the key reason behind the crisis, they’re handing out jail terms and imposing fine on us.”
MPs air anger over spiraling onion price
Members of both the treasury and opposition benches in parliament on Thursday shared their concerns over the exorbitant prices of onion in the domestic market while an opposition MP demanded that its price manipulators be put in crossfire as drug peddlers were done to set an example.
Onion price under control, claims Industries Minister
Industries Minister Nurul Majid Mahmud Humayun on Tuesday claimed that the onion price, which had skyrocketed, is now under control.