The price of imported onion from India dropped in the wholesale and retail kitchen market following the neighbouring country's decision to cut the export price for onions by 30 per cent on August 20.
The Indian government reduced the minimum export price (MEP) of onion to US $350 per tonne following improvement in domestic supply situation and softening of prices, ZeeNews.Com, an India based news-portal reported.
However, India on June 30 this year fixed minimum export price of onion to US $500 per tonne, which was fixed at $300 per tonne on June 17 from the previous price of $150 per tonne, according to Indian media reports.
Narayan Chandra Saha, one of the leading onion importers in the country said: "The wholesale price of Indian onion is now selling between Tk 25 to Tk 27 per kg while it ranged between Tk 35 to Tk 36 six days back."
"The onions we are selling cost us $305 per tone while the price was $500 per tonne," Mr Saha, also proprietor of Nabin traders at Shayambazar said.
The demand for onion is now 2.0 million tonnes while the country produces 1.6-1.7 million tonnes of onion annually, according to the government data.
Onion was sold at Tk 35-45 per kg (local) and Tk 30-40 per kg (Indian) in the different city's kitchen markets on Tuesday, according to Trading Corporation of Bangladesh data.
Price of imported onion from India drops
Sonia H Moni | Published: August 29, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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