India resumes onion exports to Bangladesh
“Around 88-truck with onions are expected to enter in Bangladesh from India’s Ghojdanga. Each of the trucks will contain around 20 metric tonnes of onions”
Onion import from India has resumed today via Satkhira's Bhomra port more than five months after the neighbouring country suspended exports due to soaring onion prices in domestic markets.
"Around 88-truck with onions are expected to enter in Bangladesh from India's Ghojdanga. Each of the trucks will contain around 20 metric tonnes of onions," according to the importers.
"Onion is being imported at cost of $350 per tonne," Bhomra C&F Association Customs Secretary Amir Hamza said.
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The onion price mounted to in phases since September 13 last year and fuelled further as the Indian government banned onion export on September 29 citing incessant rain causing damage the onion crops and soaring the onion price domestically.
Last year on September 13, India had fixed minimum export price (MEP) of onion to $850, per tonne from the earlier MEP of $350 which had badly affected on the retail price of the onion in the country from the next day.
