Bangladeshi market affected badly as India doubles onion export price
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
  • 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

Tuesday
February 07, 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
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Bangladeshi market affected badly as India doubles onion export price

Economy

Jashore Correspondent
17 September, 2019, 01:30 pm
Last modified: 17 September, 2019, 03:49 pm

Related News

  • Prompt export proceeds to get Tk0.50 more per dollar
  • Export diversification: Current scenario and possibilities 
  • Diversifying products for economic prosperity
  • Banks raise dollar price for export earnings
  • 49 commercial banks ink agreement with BB over Tk10,000cr export fund

Bangladeshi market affected badly as India doubles onion export price

The onion price in the retail markets of Bangladesh has raised by Tk15 per kg within three days

Jashore Correspondent
17 September, 2019, 01:30 pm
Last modified: 17 September, 2019, 03:49 pm
Bangladeshi market affected badly as India doubles onion export price

The sudden decision to raise onion export price to $852 per tonne by the Indian Agricultural Product Regulatory Authority on Friday has badly affected the Bangladeshi market.

Earlier, each tonne of onion was imported at $300 to $410.

As a result of the decision by the Indian authorities, the onion price in the retail markets of Bangladesh has raised by Tk15 per kg within three days. Till September 12, onion was sold at Tk40 to Tk45 per kg.

At present, the cost of imported onion is Tk52 to Tk53 per kg, which is Tk54 to Tk55 in the wholesale market and Tk60 to Tk65 at the retail market.

Indian exporters said that the export price has been raised because there is a scarcity of onion in the local markets of India due to flooding. On the other hand, Bangladeshi businessmen complained that India does this every season, they arbitrarily raise prices of different products showing a shortage in supply.

An Indian exporter, Bappa Mozumder, at Petrapole port said onion price has increased due to the recent flood. To keep the onion price stable in the local market, the Indian authorities have raised the export price.

He also said that authorities from Delhi ordered to amend previous LCs with the raised price.

"Though we had previously issued LCs now we have to pay extra money for importing onion," said Tuhin Shaha, an importer from Jashore.

Nazrul Islam, manager of Hamid Enterprise in Khulna said I imported 122 tonnes of onion on September 15 with a price of $855 per tonne. As this is our business, we have nothing to do but to import at a high price.

Owner of C and F agent of Benapole Royal Enterprise Rafiqul Islam Royal said the Indian government has taken a strategy to stop exporting onion to Bangladesh. That is why they have raised the price. If it goes on, the onion price will keep increasing. However, if the Indian government changes its decision, our market will be stable again.

Deputy Director (Traffic) of Benapole Land Port Mamun Kabir Tarafder said, from September 1 to 15 a total of 119 tonnes of onions have been imported from India. After the export price increased, import dropped slightly.

Uttam Chakma, deputy commissioner at Benapole Customs House said that the amount of onion import from India through Benapole Land Port is very low. To keep the market stable and to make the import process speedy the custom house remains open for 24 hours.

 

Top News

Onion / export

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

  • A man stands in front of collapsed buildings following an earthquake in Kahramanmaras, Turkey February 6, 2023. Ihlas News Agency (IHA) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. TURKEY OUT. NO COMMERCIAL OR EDITORIAL SALES IN TURKEY.
    Deaths exceed 2,600 as catastrophic quakes ravage Turkey, Syria
  • 30% cos see double-digit growth even in hard times
    30% cos see double-digit growth even in hard times
  • Govt borrowing from commercial banks surges
    Govt borrowing from commercial banks surges

MOST VIEWED

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms
  • Will reform pledges to IMF work this time?
    Will reform pledges to IMF work this time?
  • Infographic: TBS
    Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment
  • International Monetary Fund logo : AP via UNB
    IMF sets time-bound reform agenda as it releases first tranche of loan
  • NBFIs can no longer borrow from call money market: Cenbank
    NBFIs can no longer borrow from call money market: Cenbank

Related News

  • Prompt export proceeds to get Tk0.50 more per dollar
  • Export diversification: Current scenario and possibilities 
  • Diversifying products for economic prosperity
  • Banks raise dollar price for export earnings
  • 49 commercial banks ink agreement with BB over Tk10,000cr export fund

Features

Photo: Collected

Get your partner a lovely present this Valentine's Day

19h | Brands
Pottery Wheel Craft Kit: A creative outlet for little hands

Pottery Wheel Craft Kit: A creative outlet for little hands

18h | Brands
Say it with Colours

Say it with Colours

1d | Mode
Photo: Courtesy

From 'Made in Bangladesh' to 'Designed in Bangladesh'

1d | Panorama

More Videos from TBS

Who will survive? Adani or Hindenburg?

Who will survive? Adani or Hindenburg?

9h | TBS Stories
James Gunn’s 8-10-year plan for the DC Universe

James Gunn’s 8-10-year plan for the DC Universe

9h | TBS Entertainment
LC issues lead to severe shortage of surgical equipment

LC issues lead to severe shortage of surgical equipment

12h | TBS Insight
Stage plays are going on in the digital age

Stage plays are going on in the digital age

17h | TBS Stories

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

3
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

6
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

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]