Runaway onion prices: Import from India resumes through land ports
Publish- September 19, 2020, 09:53 PM
UNB NEWS - UNB NEWS
Update- September 19, 2020, 11:52 PM
Amid the skyrocketing onion prices in the local market, consignments of Indian variety of the essential kitchen item have finally started entering Bangladesh through different land ports on Saturday.
A good number of trucks carrying onions from the neighbouring country entered Bangladesh through Bhomra land port at Satkhira and Sonamasjid land port of Chapainawabganj.
The development ushered in a ray of hope that the overheated onion market will cool down with the Indian bulb.
The Indian government imposed a ban on onion export on September 14 in an effort to meet domestic demand.
As Bangladesh is largely dependent on imported onions, the ban put an adverse impact on Bangladeshi onion market and resulted in a sharp hike of onion price.
Later, India declared to allow the export of some quantity of onions which had been handed over to customs on the date of imposing ban on onion export.
The Indian Ministry of Commerce and Industry made it clear that the ban will not be applicable for those pre-contracted shipments and necessary directives have been given to allow such eligible consignments.
But there will be no more new contract henceforth until the notification is revised, a senior official told UNB.
Thanks to the initiative, trucks loaded with Indian onions started entering Bangladesh through Bhomra port of Satkhira at noon.
Mostafizur Rahman Nasim, general secretary of C&F Agents Association of Bhomra, said, “Thirty-two trucks have entered the country from India on Saturday. Each of the trucks was carrying around 25 tonnes of onions.”