Home Business Wholesale price of onion has decreased but there is no effect on retail

Wholesale price of onion has decreased but there is no effect on retail

by Afonso
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Instability continues in the onion market. After increasing for three consecutive days, the wholesale price of onion has decreased by 5 to 6 rupees. On Tuesday, Shyambazar of the capital was sold wholesale at Tk 72 to Tk 76. Which was 80 to 82 taka on Monday as well. Wholesale prices have come down slightly, but this has not affected the retail market. However, the price reduction has not affected the retail market. Selling for 90 to 100 taka.

In Rajshahi, the wholesale price of onion has decreased from 450 to 500 taka per maund. While the wholesale price fell by Tk 15 per kg, the retail market saw a drop of only Tk 5 per kg. In Faridpur, onion is being sold at five to ten taka more per kg in a week. In this district, chopped onion is being sold at 80 to 82 taka per kg. Meanwhile, the Consumer Rights Protection Directorate is supervising the market regulation. If there is any irregularity, the administration will take action against them.

The price of onion increased three days ago in the market of the capital. At this time, onion is sold at a maximum of Tk 100 per kg.

Traders say that the price of onion has decreased by 5 to 6 rupees as the supply is normal. The price will decrease further in the future. However, the price of onion rose slightly three days ago as farmers could not harvest onions due to winter.

Farmers say that there is no shortage of onions at present. However, if onion is sold at less than 50 rupees, it incurs a loss. They are talking about keeping the price of onion at 60 to 70 rupees to avoid losses.

On the other hand, although the price of onion has decreased in wholesale and retail, it has no effect on the retail market. Onion is still being sold at Tk 90 to Tk 100 per kg. Retailers said that the price of old onion has not been reduced.

At present there is no shortage of chopped onions. Traders also said that onions will arrive in a few months.



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