Onion supply glut in Khulna puts TCB in dilemma | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Monday
May 29, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
MONDAY, MAY 29, 2023
Onion supply glut in Khulna puts TCB in dilemma

Bangladesh

UNB
18 December, 2020, 04:25 pm
Last modified: 18 December, 2020, 04:32 pm

Related News

  • 1,300 sued, 13 arrested after Police, BNP clash in Khulna
  • 20 injured, 10 detained after police baton-charge BNP rally in Khulna
  • Khulna City polls: Nomination of 4 out of 7 mayoral candidates cancelled
  • 7 mayoral, 188 councilor candidates submit nominations in KCC polls
  • TCB increases sugar price by Tk10

Onion supply glut in Khulna puts TCB in dilemma

The government took prompt steps to import the kitchen staple to cool down the market and sell it through its trading arm TCB.

UNB
18 December, 2020, 04:25 pm
Last modified: 18 December, 2020, 04:32 pm
Onion supply glut in Khulna puts TCB in dilemma

Onions prices are cooling down in Khulna with the arrival of new batches in the market, thinning the previously seen long queues of people in front of Trading Corporation of Bangladesh (TCB) trucks to buy the commodity.

But supply glut has now put TCB in a fix with about 50 tonnes of onion stored at its Khulna warehouse.

Relatively low prices mean that people are not turning to TCB for the popular kitchen item and buying it from the market instead. The prices shot up to Tk 100-120 a kg after India had banned onion export on September 14 this year for a second time in two years.

The government took prompt steps to import the kitchen staple to cool down the market and sell it through its trading arm TCB.

TCB officer Anisur Rahman said they have been selling two tonnes of onion every day at five points in Khulna at Tk 30 per kg. But the prices have fallen to Tk 20 a kg now.

"Prices are falling with the new onion season. People are gradually losing interest in imported onion," he said.

Bangladesh's annual demand for the popular kitchen item ranges between 2.2 and 2.5 million tonnes. Commerce Ministry figures show the amount imported was hardly 0.4 million tonnes in FY09, but had touched up to 1.1 million tonnes in recent years.

Prices to fall further

Anisur Rahman is optimistic about selling the 50 tonnes of onion in the stock. "I'm monitoring the situation myself," he said without elaborating how the huge stock will be sold.

But one of the dealers, speaking on condition of anonymity, said they are being forced to take two tonnes of onion every day. "We've stopped receiving goods for this reason," he said.

TCB trucks selling onion were absent at some points in the city on Thursday where they are usually seen.

Last week, TCB slashed online onion prices to Tk 23 from Tk 36.

In the retail market, the usual buzz was gone and traders were sitting idly. The old onions, which cost relatively higher, were hardly selling.

One of the traders said one of the reasons was the arrival of new onions in the market. "They are on high demand," the owner of Arman Traders said.

Good quality onion costs Tk 40-45 per kg while the moderate quality product was selling for Tk 30.

"Consumers are mostly buying the mid-quality variety," he said.

With the arrival of more onion, the prices will fall further in the next two weeks, the trader said.

Top News

Onion supply glut / Trading Corporation of Bangladesh (TCB) / Khulna

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Govt's borrowing from treasury bills up by Tk65,000cr in FY23
    Govt's borrowing from treasury bills up by Tk65,000cr in FY23
  • Turkish President Tayyip Erdogan gestures as he addresses his supporters following early exit poll results for the second round of the presidential election in Istanbul, Turkey May 28, 2023. REUTERS/Murad Sezer
    Turkey's Erdogan claims victory in presidential election
  • Photo: Collected
    BBS to introduce district-wise GDP

MOST VIEWED

  • File Photo: Mohammad Minhaj Uddin/TBS
    Low-cost housing planned for 4 lakh Bangabandhu Shilpa Nagar workers
  • File Photo: UNB
    US govt's new visa policy does not bother Bangladesh government: Shahriar Alam
  • Bus rams Pak deputy high commissioner's car in B'baria
    Bus rams Pak deputy high commissioner's car in B'baria
  • Malaysian ship docks at Mongla port with 926 luxurious cars
    Malaysian ship docks at Mongla port with 926 luxurious cars
  • Photo: TBS
    Private helicopter service launched in Ctg
  • Photo: Wikimedia Commons
    Bus and minibus workers strike in Chattogram

Related News

  • 1,300 sued, 13 arrested after Police, BNP clash in Khulna
  • 20 injured, 10 detained after police baton-charge BNP rally in Khulna
  • Khulna City polls: Nomination of 4 out of 7 mayoral candidates cancelled
  • 7 mayoral, 188 councilor candidates submit nominations in KCC polls
  • TCB increases sugar price by Tk10

Features

Unwinding poolside, she revels in self-care, her flawless complexion glowing under the gentle sun. Photo: Rony Rezaul. Model: Tangia Zaman Methila

Dive into Summer Style: Get Ready to Sizzle by the Pool

20h | Mode
Illustration: TBS

'Cybercriminals are creating new ways of hacking'

22h | Panorama
Under SmartMek’s package, farmers can have access to large agricultural machines such as combined harvesters.
Photo: TBS

SmartMek: Providing digitised services to the farmers through smart cards

23h | Panorama
Illustration: Bloomberg

AI will supercharge productivity. Will workers benefit?

21h | Panorama

More Videos from TBS

Turks are voting in presidential run-off

Turks are voting in presidential run-off

15h | TBS World
Temperature will surpass 1.5 degree by 2027

Temperature will surpass 1.5 degree by 2027

22h | TBS World
Dubai’s gigantic moon shaped mega resort

Dubai’s gigantic moon shaped mega resort

1d | TBS World
In an interview given to TBS Lt. Col. Mohammad Tajul Islam Chowdhury

In an interview given to TBS Lt. Col. Mohammad Tajul Islam Chowdhury

3d | TBS Stories

Most Read

1
End of zero tax!
NBR

End of zero tax!

2
Photo: TBS
Energy

Wind power feeds national grid for first time Friday

3
Photo: TBS
Bangladesh

Private helicopter service launched in Ctg

4
Malaysian ship docks at Mongla port with 926 luxurious cars
Bangladesh

Malaysian ship docks at Mongla port with 926 luxurious cars

5
Nagad builds hope on Tk510cr bond, incurs Tk625cr loss
Economy

Nagad builds hope on Tk510cr bond, incurs Tk625cr loss

6
Cenbank prints Tk70,000cr new money in 11 months to support nat'l budget
Budget

Cenbank prints Tk70,000cr new money in 11 months to support nat'l budget

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]