Onion Prices Rising in West Bengal Too
Onion prices in Kolkata have risen to as much as Rs 52 a kg in the puja season, and traders expect them to climb further through October.
Onion prices in Kolkata have risen to as much as Rs 52 a kg in the puja season, and traders expect them to climb further through October.
Onion prices at Hili land port fell by Tk 12 a kg after imports from India resumed following the six-day Durga Puja closure.
Onion prices at Hili land port have dropped Tk 8 a kg in a week as Indian imports resume and buyers stay away.
Onion prices have nearly doubled in two weeks even though the commerce minister says 5 lakh tonnes are in stock, enough for about three months.
The National Board of Revenue has scrapped the 5 per cent import duty on onions until 31 December and cut the regulatory duty on raw sugar to 20 per cent.
The National Board of Revenue has cut the import duties on onion and sugar to keep their prices under control.
Agriculture Minister Dr Abdur Razzaque told a BARI workshop that onion prices will fall within 15 to 20 days and that Bangladesh has no food shortage.
Onion prices in Hili have fallen by Tk 3-4 a kg as imports from India resumed duty-free after a six-day Durga Puja halt.
The commerce ministry has asked the National Board of Revenue to scrap the duty on onions and cut duties on crude edible oils and sugar.
The National Board of Revenue has cut the import duty on onion and the regulatory duty on sugar to control their prices.
Trade at Chaktai-Khatunganj, the country's largest wholesale market for consumer goods, fell by about half on the first day of lockdown, while prices of ginger, garlic and onion rose.
After rising last week on coronavirus panic, prices of onions, potatoes, eggs, chicken and other goods have fallen in Dhaka this week.
India's central government, unable to sell imported onions to the states, is being forced to offer them for as little as 10 rupees a kg.