Onion price dropping gradually in city markets
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

Friday
February 03, 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
FRIDAY, FEBRUARY 03, 2023
Onion price dropping gradually in city markets

Markets

BSS
30 November, 2019, 04:15 pm
Last modified: 30 November, 2019, 04:20 pm

Related News

  • Consumers feel the squeeze:  Prices of all daily commodities soared in 2022
  • Govt mulling over monthly adjustment of power, energy prices: Nasrul Hamid
  • Gold hits 8-month peak as bets of slower rate hikes dent dollar
  • Onion ordeal: 'Game changer' cold storage plan crawls for 2 years
  • Storm cuts US oil, gas, power output, sending prices higher

Onion price dropping gradually in city markets

Based on the quality, the China variety onion is now being sold ranging from Taka 95 to 130 per kg

BSS
30 November, 2019, 04:15 pm
Last modified: 30 November, 2019, 04:20 pm
Photo: TBS/Salahuddin Ahmed
Photo: TBS/Salahuddin Ahmed

Onion price is gradually reducing both at wholesale and retail levels with a 'steady' drop in the local onion price compared to the price of non-local variety in the city markets.

The imported onion price was found rapidly declining over the week in the city markets compared to the price of the local onion as most people prefer local onion for their daily cuisine, but production of the variety is approximately one third of the annual demand.

Based on the quality, the China variety onion is now being sold ranging from Taka 95 to 130 per kg. Price of this variety has reduced by Taka 30 from Taka 125-150 a week ago. The local onion is Taka 180-185 per kg in the wholesale market.

At the retail level, imported onion is being sold at Taka 150-180 against the local variety price of Taka 220 per kg in the city, said the traders.

"The imported onion price is significantly dropping at the wholesale market with increasing supply over the period," said Mosharraf Hossen, a wholesaler of city's Shyambazar area. The imported variety is now being sold at Taka 95 to 130 per kg, which dropped from Taka 125-150 a week ago."

On the other hand, the price of the best quality local onion is reducing steadily over the week with per kg wholesale price of Taka 180-185. It reduced by Taka 15-20 from its earlier level price of Taka 200-210, at the wholesale market, said Hossain.

"The onion market is now cooling down over the week with per kg price of Taka 180-185, a fall by Taka 30, from its last week price of Taka 210", said another wholesaler Kanai Lal Saha, proprietor of Mrs Sri Ram Bhander of Hazrat Shah Ali High School Market of Mirpur section-1.

Meanwhile, the retail price of per kg imported onion is Taka 190-220, said a retailer, Mohammad Milon, of Mirpur area.

At Kawran Bazar, the imported varieties were being sold between Taka 120 and 180 per kg on Friday while the fine quality local onion was sold at Taka 220 per kg and the onion spring (onion with leaves) was sold at Taka 100-120.

According to the daily market monitoring report prepared by the state-owned Trading Corporation of Bangladesh (TCB), imported onion was being sold at Taka 130-190 per kg, while it was Taka 200-220 per kg for the local onion on Saturday.

Since India put its onion exports on hold on September 29, onion prices had been on the rise in the Bangladesh kitchen market. Local onions were selling as high as Tk250 per kg in the city's kitchen markets, while onions imported from Myanmar were selling at Tk230-240, breaking all the previous records.

Top News

Onion / Price

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

  • Shipped Bhola gas to cost higher, yet cheaper than spot LNG
    Shipped Bhola gas to cost higher, yet cheaper than spot LNG
  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    Explainer: Why IMF granted $4.7b loan to Bangladesh
  • International Monetary Fund logo : AP via UNB
    IMF publishes conditions as Bangladesh receives first tranche of loan

MOST VIEWED

  • Higher LCs in Jan, no worries about Ramadan goods: Cenbank
    Higher LCs in Jan, no worries about Ramadan goods: Cenbank
  • Sugar turning bitter!
    Sugar turning bitter!
  • Cry for dollar for Ramadan imports
    Cry for dollar for Ramadan imports
  • DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
    DCs asked to ensure price of essentials is stable during Ramadan: Commerce minister
  • Representational image. Picture: Collected
    Spice market won't stabilise unless imports normalise: Consumer rights body
  • Don't panic and buy excess Ramadan items at a time: Tipu Munshi
    Don't panic and buy excess Ramadan items at a time: Tipu Munshi

Related News

  • Consumers feel the squeeze:  Prices of all daily commodities soared in 2022
  • Govt mulling over monthly adjustment of power, energy prices: Nasrul Hamid
  • Gold hits 8-month peak as bets of slower rate hikes dent dollar
  • Onion ordeal: 'Game changer' cold storage plan crawls for 2 years
  • Storm cuts US oil, gas, power output, sending prices higher

Features

Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

13h | Wheels
While the Padma bridge in operation is changing the lives of millions in the south for the better, passenger rush to Shimulia ghat died down. Photo: Masum Billah

How are the Shimulia ghat businesses faring after Padma bridge?

15h | Panorama
After so many investments going embarrassingly wrong, as was the case with Sam Bankman-Fried, perhaps tech investors’ preference for less experience will wane. Photo: Bloomberg

Are you the next Steve Jobs? Good luck raising money in 2023

15h | Panorama
An elderly couple's lonely battle to save Dhaka's trees

An elderly couple's lonely battle to save Dhaka's trees

1d | Panorama

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

5h | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

3h | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

6h | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

4h | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
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

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
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

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
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

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]