The price of Murikata, an early variety of onion, jumped by Tk 20 per kg to Tk 105 per kg on Tuesday (January 30, 2024), compared to Tk 80 to 85 per kg two days ago in Dhaka. Though the wholesaler said that onion prices have dropped slightly in the wholesale market, the effect is yet to be visible in the retail market. On Tuesday, onion prices in the capital ranged from Tk100 to Tk105 depending on quality at Karwan Bazar, Mohakhali, Hatirpool, Malibagh, and Santinagar. Khalilo Mia, owner of Hasan store at Shantinagar Bazar, told UNB that good-quality onions have arrived in the market at a higher rate. As the quality of this onion is slightly better, the price has also increased. However, there is no shortage of onion supply, he said. The price of Murikata onions has also increased in the market price report released by the state marketing agency, Trading Corporation of Bangladesh (TCB). According to its report, new local Murikata onions were sold for Tk 90 to Tk 100 per kg in different markets in Dhaka. A week ago, the price of this variety of onion was selling at Tk75 to 80 per kg; the imported onion price was Tk85 to Tk90 per kg. However, local and imported onion prices rose by 23 and 26 percent, respectively, during the week, according to TCB. Read more: Sylhet fixes price of local variety onion at Tk 120, Indian variety at Tk 140 Onion prices have also increased in Sujanagar and Santhia upazilas of Pabna, one of the main production areas of Murikata onion. On Monday, in these upazilas, the price of onions was Tk71 to Tk78 per kg in the local wholesale markets. Onion prices have increased in the district compared to last week. Last week, the price of fresh onion there was Tk 60 to Tk 70 per kg. The prices of other curry items like garlic and ginger have also increased by Tk10 per kg. On Tuesday, these items were selling for between Tk240 and Tk270 per kg, respectively, compared to Tk230 and Tk260 per kg last week. The prices of all other vegetables have increased by Tk10 to 20 per kg this week compared to the last week. However, bean, eggplant, and tomato were selling between Tk 60 to 100 based on quality, potato at Tk 50 to 60 per kg, bitter gourd at Tk 80 kg, balsam apple at Tk 100 to 120 kg, okra at Tk 80 to 100 per kg, cucurbitaceous at Tk 80 per kg, cucumber at Tk 60 to 70 kg, spone gourd at Tk 80 per kg, arum at 80 to 90 kg, radish and carrot at Tk 50 to 60 kg, green papaya at Tk 40 kg, French bean at Tk 100 to 110 kg, snake gourd at Tk 70 to 75 kg, pumpkin (medium size) at Tk 80 to 100 per piece, cauliflower and broccoli at Tk 50 to 70 piece, bottle gourd at Tk 80 to 100 piece, ash gourd at Tk 50 to 60 piece, coriander leaves at Tk 200 kg—Capsicum (red) at Tk 300 to Tk370 per kg base on size and quality. Read more: Govt directs to intensify field-level monitoring on onion prices The discomfort remains in the fish and meat market. Broiler chicken was selling at Tk200–220 per kg, and Sonaly chicken (a Pakistani variety) at Tk320–340 per kg. Beef, which was sold at Tk 650 in many places a couple of weeks ago, is now being sold at Tk 700 per kg everywhere. Prices of eggs are increasing by Tk 5 to 7 in a dozen this week. Per dozen, brown eggs (hens) are at Tk 140 to 145, 5–10 taka less than white eggs. Duck eggs were selling for Tk 180 to 190 per dozen, while eggs of indigenous domestic rearing chicken were selling for Tk 210 per dozen. The prices of fish are higher now compared to a few months ago. However, tilapia, pangas, and carp were selling for between Tk220 and 260 per kg. Among other fish, the price of medium-sized weighing 1.5 kg to 2 kg farming Rui, Katla, and Mrigel fish was selling at Tk 300 to Tk 400 per kg. Also, Pabda, Tengra, Koi, sheat (boal), chital, and Hilsa fish are not below Tk600 per kg. The bigger fish, like coral, boal, and river pangas, were selling for between Tk700 and 1100 per kg at Karwan Bazar. When asked about the price hike, the Director General of the Directorate of National Consumers Rights Protection (DNCRP), AHM Shafiquzzama, told UNB that his office would drive against the unusual price hike of these essentials. He also said that a few months ago, he warned different ministries and directorates to take steps to increase the supply of essentials, including onions and potatoes, to control prices. Consumers Association of Bangladesh vice president SM Nazer Hossain said consumers in Bangladesh are having a hard time amid record prices of commodities due to higher inflation. Farm eggs, broiler chicken, and cultured fish are key protein sources for millions of poor people in the country, he said. Prices of all such products have increased, forcing a vast population to cut their protein and other nutrition-rich food intake, Nazer said. Read more: Chapainawabganj farmers reap benefits of bountiful summer onion harvest

Onion prices have gone up in Khulna market just after the India's imposition of 40 percent duty on its export which came into effect from Sunday (August 20). The prices of onion have increased by Tk 10-15 per kg in the local market just in a day. On Sunday, Indian onions were being sold at Tk 65-70 per kg, while local onions at Tk 90 per kg. But on Saturday, per kg of Indian and local variety onions were sold at Tk 55-60 and Tk 75 per kg respectively. Read: India imposes 40% duty on onion exports effective today Sujan and Kawsar, traders of Mylapota Sandhya Bazar in the town, said that there is no shortage of onion in the market. However, they are paying Tk 10-15 more for buying per kg of onion. As a result, onions have to be sold at a higher price, they added. On August 19, the Revenue Department of the Indian Finance Ministry imposed a 40 percent duty on onion export to check price hike. Read: Indian onions start arriving through land ports as import resumes Importers said earlier they paid no tax for importing onions from India. Due to the 40 percent duty, an extra Tk 15-19 per kg will have to be counted. An Indian gazette notification signed by Amreeta Titus, deputy secretary of the Revenue Department under the Finance Ministry, said the duty will remain effective till December 31 this year. Indian exporters said onion prices are soaring in the country and the government has imposed the duty to discourage exports. Read: Proper preservation of onions to end instability, crisis: Agriculture Minister  Buyers said that the prices of onion have increased compared to the last few days. Onions may be stockpiled by unscrupulous traders on the pretext of import duty that may cause further rise in prices, they feared. Ibrahim Hossain, deputy director of the Khulna divisional office of the Directorate of Consumer Rights Protection,  said that they are monitoring the market.

The Revenue Department of the Indian Finance Ministry has imposed a 40 percent duty on onion exports to Bangladesh effective today (August 20, 2023), causing a hike in the price of the item mainly used as spice in local markets. An Indian gazette notification signed by Amreeta Titus, deputy secretary of the Revenue Department under the Finance Ministry, said the duty will remain effective till December 31 this year. India imposed the duty for the first time. Importers of Hili Land Port said earlier they paid no tax for importing onions from India. Due to the 40 percent duty, an extra Tk 10 per kg will have to be counted. Read: Indian onions start reaching Satkhira, leading to prices easing down On the other hand, each kg of onion is being sold at Tk 50 since this morning. Per kg of onion was being sold at Tk 39-47 just a day back. They said Sunday is a weekly holiday in India and import of onion won’t be possible until the newly imposed duty is not paid, urging the Bangladesh government to look for alternative markets to import the item from. Read: Indian onions start arriving through land ports as import resumes Indian exporters said onion prices are soaring in the country and the government has imposed the duty to discourage exports. They suspected that the prices may be hiked next month as substantial amounts of onions rotted due to excessive heat. Read more: Govt to allow onion import from Monday: Agriculture Ministry

Strange as it may seem, but a bumper harvest has left many onion farmers in Magura in tears. Forget profit, they are struggling to recover even their production cost this year. Falling prices of the kitchen staple across Bangladesh are forcing these poor farmers to go for distress sales in the absence of any warehousing option that helps prevent a price collapse in case of a bumper yield. An essential part of the diets of millions of Bangladeshis, rich and poor, onions add flavour and texture to every meal. Besides, the pungent bulb is a rich source of key daily nutrients. Also read: Kushtia onion farmers struggle with production cost amid falling price Every year, Bangladesh witnesses onion crises. However, this year, farmers in Magura are facing a problem of plenty -- basically more supplies and less demand.

Continuous falling prices of onion in the market is making it difficult for Kushtia farmers to recover the production cost in spite of a good harvest this year. Wholesale prices of onion was at Tk 15 to 20 per kg while retail price of onion was at Tk 400 to 800 per maund, the UNB reporter saw during a visit to the largest onion market of Kushtia at Ponti in Kumarkhali upazila on Friday. According to farmers they are getting some Tk 400 to 500 less profit per maund this year compared to the last two years. According to the Kushtia Agricultural Extension Department, onions have been cultivated in 13,734 hectares of land in the district during this Robi season (October 15 to March 15). Onion prices started falling immediately after the new harvest arrived in the market as the retail price was at Tk 35 to 40 per Kg just two weeks ago. Also read; Importers fear losses as Indian onions flood Bangladesh markets “Production of per Kg onion has cost a farmer some Tk 25 to 35 including the prices of seeds, pesticides, workers, transport. The farmers are counting a loss of Tk 10 to 18 selling the onions at Tk 15 to 17 at the market Due to good weather some 60 to 80 maunds of onion have been produced per 27,00 square feet of land (1 Bigha) this season, said Faridh Sheikh, a onion farmer from Jotmora village in Kumarkhali Upazila.  

A recent decline of  onion import from India through Hili land port has raised the retail price to Tk 10-12 per kg and wholesale price to Tk 14-15 per in the market. Indian Nashik onion was being sold at Tk 44-46 which was being sold at Tk 35-36 per kg just two days ago, and Indore onion price rose to Tk 40 per kg from Tk 30-32 at retail market in Hili land port area on Saturday. Meanwhile the price of local onions hiked Tk 10 and is being sold at Tk 58-60 per Kg now. Also read: Drive to control commodity prices: Two onion traders fined As the onion import is lower than the demand in the market hence the price rose, said Moinul Sheikh and Ferdous Hossain, two traders of the market. However, they said the price may decline soon after the import goes back to normal. Last week 25-30 trucks of Onion had been imported from India but this week it declined to 18-20 trucks , said Sohrab Hossain Mallik, PRO of Panama Hili Port, a private operator of the land port . He said, “On Thursday 571 MT of onion entered from India in 21 trucks and the import remained uninterrupted on Saturday.” Also read: Man held with 8 gold bars in Hili Harun-Ur-Rashid, president of the importer-exporter group of the port said,” As import has declined and onion price in India has increased, currently the price is a bit high in the market. It will lower with the escalation of imports.”

Commerce Minister Tipu Munshi on Monday said there is adequate stock of onion in the country and there is no reason to panic over it. “The supply of onions is normal as we’ve some 5 lakh mts in stock. Besides, onions are being imported from India and Myanmar,” he said while speaking at a meeting over keeping the stock, supply, import and price situation of the commodities stable held at the Secretariat. The Trading Corporation of Bangladesh (TCB) is selling onions at Tk 30 per kg through trucks and new onions will reach the markets after a month, said Tipu. Also read: Onion price will cool down within 15-20 days: Agriculture Minister

The Trading Corporation of Bangladesh (TCB) is selling Turkish onions at just Tk15 per kg in Sylhet city. But people are showing little interest in it.

India's decision to lift a ban on onion exports from January 1 may have provided some relief to Bangladeshi consumers but has led to a wave of anger among importers.

Indian onion started to roll in at Dinajpur’s Hili land port on Saturday after three and half months of the export ban.