Bangladesh’s annual demand for onion ranges between 2.2 and 2.5 million tonnes. UNB file photo
India withdrew its ban on onion export on Monday, nearly three and a half months after imposing it abruptly which sent the commodity's price through the roof in Bangladesh.
Bangladesh will resume onion import through Dinajpur’s Hili land port on January 1 next, officials here said.
The decision was announced through a notification from India’s Ministry of Commerce and Industry.
Bangladesh’s annual demand for the popular kitchen item ranges between 2.2 and 2.5 million tonnes. Commerce Ministry figures show the amount imported was hardly 0.4 million tonnes in FY09, but had touched up to 1.1 million tonnes in recent years.
The government took prompt steps to import the kitchen staple to cool down the market and sell it through its trading arm Trading Corporation of Bangladesh (TCB).
The prices have been falling for the past few weeks with the TCB offering the item at Tk 23 per kg through e-commerce companies.