Price of onion goes beyond reach in Dhaka's kitchen market

Though adequate reserves, supply is normal, onion price is rising unabated in the capital’s kitchen market. The price of this commodity increased by taka 30 a kg within a week. Rise of retail markets in the capital on Wednesday reached from 85 to 90 taka per kilogram . And imported onions are sold at 85 to 75 on the basis of its standard. A week ago, which was 55 to 60 taka respectively. Marketing agency of the Government Trading Corporation of Bangladesh TCB has been depicted as the price rises. According to sources, a portion of onion is imported from India. But the market has the effect of increasing export prices of onion. However, it is being sold on the market now that the imported onion. Not only is the house last April, local onion. The local onion crop was good enough reserves. So at this moment there is no logical reason for the rise in onion price. Another source said, importers reduced importing onion from India as the country increased the price of onion there. As a result, domestic demand of onion is on rise and the price is rising. India's onion production is low this year due to adverse weather conditions, which can discourage onion exports increased onion’s export price. On Saturday, a minimum export price of onion per ton increased from $ 700 to $ 425 for ton. Earlier on June 6 , export price was increased to $ 425 from $ 75. Ministry of Commerce forecast the sale of commodity, according to the needs, the twenty two million tons of onion is required in the country every year. However, onion production is 19 lakh 30 thousand tons this year . Deficit stands 2 lakh 70 thousand tons this time. But according to NBR data, the current fiscal year up to July 4 lakh 92 thousand tons of onions were imported. This figure tells that onion reserve is more than its demand; so why is increasing the price of this essential commodity? Communist Party of Bangladesh, CPB Acting President Comrade Haider Akbar Khan Rono and General Secretary Comrade Syed Abu Zafar Ahmed in a statement protested the sudden abnormal growth of inflation. They said the sudden abnormal increase price of onion made the helpless to the laboring poor, poor, middle class people. The price went out of reach to them, they added.They urged government to check the rise of price without making any delay.