Amid India's recent ban on onion export, the government has permitted local traders to import the commodity from 10 other countries to control the soaring prices in Bangladesh, reports bdnews24.com. However, many local traders who were expecting to make windfall profits are now fearing losses due to the falling prices of onions in Bangladesh. According to the Ministry of Agriculture, traders have been granted permits to import onions from at least 10 countries following the sudden increase in India's export duty since August. In the coming days, Bangladesh expects to import onions from China, Egypt, Myanmar, the Netherlands, Pakistan, Qatar, Thailand, Turkey, the United Arab Emirates and the USA. However, Bangladeshi onion traders say they will not use the import permits they received from the government for fear of incurring losses.

Source: bd News24 December 13, 2023 04:54 UTC