Bangladesh is registering a slow spike in the cultivation of onions during summer with the government patronising the expansion to reduce high import dependence during the lean season from October to November.
The 'hot' story behind the high chilli prices Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
High green chilli prices in Bangladesh: Last year, chilli growers in Bogura and Gaibandha districts got 50 to 80 maunds of green chilli from one bigha (33 decimals) of land during the Kharif-1 crop season. But this year, farmers have not only been getting seven to eight maunds per bigha. Hence, though the price of green chilies is skyrocketing, farmers are not receiving much
Bangladesh has to rely on imports to meet about 15 per cent of the demand of the spice market, which highlighted the foreign currencies the country has to spend to bring in the items as well as the potential for local production.
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.