Onion prices drop a bit as import resumes through Hili port
News Desk || shiningbd
Onion prices have fallen by Tk10-12 per kg at Dinajpur’s Hili land port as imports from India have resumed following the Durga Puja vacations.
Prices of the kitchen staple have started falling since Sunday, according to importers and traders.
“We are trying to clear consignments coming in from India so that the wholesalers can supply to the markets in the country,” Shohrab Hossain Mallick, spokesperson of port operator, Panama Hili Port Link Ltd.
Onion prices were a steep Tk 45-50 per kilogram over the last week but it has now come down to Tk38-40.
Importer Mahfuzur Rahman said that the prices started to drop as supply has increased through the port.
The government has also withdrawn the 5% duty on onion import since Sunday, says Morshed, another importer.
He added that given that onion supply from Myanmar is also coming in, prices are expected to fall further.
The price of onion has almost doubled within a month in local markets.
According to Trading Corporation of Bangladesh (TCB) data, locally-produced onions are currently being sold at Tk60-70 per kg, up from Tk42-45 a month ago.
Moreover, imported onions are being sold at Tk56-60 kg, which cost Tk38-40 a month ago.