Onion prices witnessed a sharp fall in different parts of Bangladesh yesterday, a day after the government gave the go-ahead to import the vegetable from India.
The government yesterday announced that it would allow onion imports to reduce the suffering of lower-income groups amid ongoing inflationary pressure, according to an official of the agriculture ministry.
Bumper onion yields earlier this year gave farmers in northern parts of Bangladesh reason to cheer but the lack of adequate storage facilities has soured their prospects of profiting from the cash-crop as adverse weather conditions continue to wreak havoc on their produce, according to market players.