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.
A substantial fall of Tk 25-35 per kg in the wholesale market has had little impact at the retail level where the popular kitchen item continues to be sold at high prices.
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.
The Commerce Ministry and Trading Corporation of Bangladesh (TCB) have taken a joint initiative to sell onions through online shops targeting middle-class consumers.
Bangladesh has shared its "deep concern" with India at the sudden ban on onion exports saying it undermines the discussions that took place in October last year and January this year.
BNP on Wednesday alleged that a ‘ruling party syndicate’ has raised the prices of onion by creating an artificial crisis despite having a sufficient stock of the kitchen item in the country.
Jatiya Party Chairman GM Quader on Wednesday urged the government to allow traders to import enough onions to keep the market normal as it is not possible to control the growing prices of the popular kitchen item through only TCB’s intervention.
A day after the Indian government restricted the export of all varieties of onion, the prices of the popular kitchen item have almost doubled in Dhaka’s kitchen markets.