The retail price of imported onion was around Tk 75 a kg on Friday, with much the same hike as the local variety. According to the Trading Corporation of Bangladesh, the price of this variety of onion was Tk 35 to 40 by the end of the season a year ago. Importer Abdul Mazed of Old Dhaka’s Shyambazar said India raised the minimum price for exporting onion at $850 per tonne. On Thursday, India set the minimum price of $850 per tonne for the overseas sale of onions. Moslem Mia, a wholesaler at Karwan Bazar, said on Friday the onion prices shot up by Tk 10 per kg in a day.

Source: bd News24 November 24, 2017 21:00 UTC