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The onion market is hot

by Afonso
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Onion market is hot again. The price of this spicy product increased by Tk 80 to Tk 100 overnight across the country due to the announcement of India’s ban on onion exports.

On Saturday, the price of onion was seen to be different in different markets of the capital Dhaka. Since morning, local onion is being sold in different markets in Dhaka at the price of Tk 160 to Tk 220. It has been seen that the price has also increased as the day progresses. But Indian onion is selling at 120 to 150 rupees.

In Dhaka’s Mirpur, Moghbazar, Boubazar, Merul Badda, Manikdi markets, local onions are being sold at Tk 200 to Tk 220 per kg. Traders of Manikdi market are asking for the highest price of Indian onion. Indian onion was sold at 170 taka per kg around noon here.

After India announced ban on onion export, the price of onion in Dinajpur suddenly increased by Tk 80 to Tk 100 per kg. In this, every kilogram of onion is sold in the market for Tk 180 to Tk 200.

Assistant Commissioner (Land) Muhammad Zafar Arif Chowdhury fined two traders Tk 5,000 for selling onions at high prices. He then instructed the traders to sell onion at the fixed price.

To control the onion market in Faridpur, the Directorate of Consumer Rights Protection conducted an operation at Haji Shariatullah raw market in the city from 1 pm to 2 pm on Saturday. At that time, the mobile court fined them as they did not have purchase receipts.

At present, in Faridpur, dried onions are being sold at Tk 100 to Tk 110, Indian onion at Tk 120 and old country onion at Tk 130.

A mobile court has fined two traders for selling onions at a higher price than the fixed price in the municipal raw market of Pirojpur city.

On Saturday afternoon, the mobile court fined 15,000 taka to 6 traders of two wholesale markets in Pabna. Mahmud Hasan Roni, Assistant Director of the District Consumer Protection Department, said that the price of onion suddenly increased in the market due to the stop of imports. Singra market of Sadar upazila and the wholesalers of big markets of the city were raided. During the operation, it was seen that the traders were selling onion at 180 to 200 taka per kg after buying it at 105 taka. At that time, 6 wholesale traders were fined 15 thousand taka for selling onion at excessive price.

Several retail traders ran away after hearing the news of the raid. Later, all the onions in the store of the runaway retail trader were sold at the fixed price. Onion was bought at Tk 105 per kg. Later that onion was sold to the present buyers at the price of Tk 110 per kg.

Directorate of Consumer Rights Protection launched an operation at around 12:30 noon on the news of onion price increase in Barisal. At that time, consumer rights fined 85,000 taka to five onion pot companies in the city for selling onions at high prices.

Out of this, M/s Ekta Traders was fined Tk 30,000, M/s Rehmat Bhandar Tk 10,000, Jam Jam Trading Tk 10,000, Messrs New Adarsh ‚Äč‚ÄčTrading Tk 25,000 and Elahi Trading Tk 10,000.


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