The report said hoarding of potato by farmers and traders for profiteering led to price hikes. A lack of government control on the market and failure to get the real picture of the market were among the reasons behind potato price hike. A drop in vegetable production due to long rainy season led to a rise in demand and price of the root vegetable. Syndicates of dishonest businesses manipulated the onion market, the BARC study found. The researchers said a drop in production during summer caused the onion price hike as well.

Source: bd News24 January 26, 2021 16:40 UTC