Prices of onion increased by Tk 100 or more per kg overnight as traders began stockpiling following the news that India had extended a virtual restriction on its export.
Onion prices soar again: Prices of onion increased by Tk 100 or more per kg overnight as traders began stockpiling following the news that India had extended a virtual restriction on its export.
Retailers are selling onions at as high as Tk 200 a kilogramme in and outside of Dhaka, compared with Tk 130 on Thursday, in a shock development for consumers reeling under the higher cost of living.
The cultivation of a variety of onion, known as Kondo in Bangladesh, has been delayed due to excessive rain early this month, when farmers plant seedlings of the crop before harvesting it in early winter
Onion prices have been rising following the Eid-ul-Fitr vacation, bringing hope to farmers across Bangladesh who registered lower yields of the crop due to poor weather during winter this year.