Onion set prices have doubled in Bangladesh, dashing the hopes of the inflation-hit people for an immediate reduction in the prices of the key cooking vegetable through the cultivation of early winter varieties.
It raises minimum export price of onion by four times to $800 a tonne
The DNCRP conducted the drive in Dhaka’s Karwan Bazar today
The move comes when India imposes 40% export duty on onion
59 trucks brought in around 1,800 tonnes of the bulb
The Bangladesh Trade and Tariff Commission (BTTC) yesterday requested the revenue authority to lift all import tariffs on onion until December 31 this year as its domestic prices spiked after India slapped 40 percent export duty on the vegetable.
Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.