Onion prices drop by Tk 30 due to local harvest entering the market

DE Online Desk
The prices of onion fell by Tk 30 per kg on Tuesday due to a raised supply of newly harvested onion in Dhaka from the Pabna and Faridpur regions, the main production areas in the country.
According to wholesalers and retailers of Malibagh, Moghbazar, Karwan Bazar, and Shyambazar in the capital on Tuesday, it is known that the supply of onion has increased due to the start of the onion season.
As a result, the price has decreased in the wholesale market and onion is being sold between Tk45 and Tk55 per kg.
The price of this onion in the retail market is Tk60 to 70 per kg. In some cases, onion was selling at Tk55 per kg even through bargaining the price.
A week ago, onion was sold at Tk90 to Tk100 per kg in the retail market of Dhaka.
Haji Mukarram, an onion trader in Karwan Bazar, told UNB that getting news of arriving imported onions from India, the farmers quickly picked up onions and started selling those in the market.
As a result, the supply in the market has increased and the price of onion has also come down, he pointed out.
Narayan Saha, an onion trader and importer of Shyambazar in the capital, said “Currently, seasonal onions have arrived in the market on time.” It has an impact on the price in the market.
But now there is no need to import onion to protect the farmers, he said.
Narayan also said, that now emphasis is need to put on onion harvesting in the right way and storage it carefully for future market demand.
Proper storage of onions coming into the market will help keep the price normal during the rest of the year, he suggested.