Onion prices have started to fall in the domestic market as onion imports from India have resumed. In the last one day, the price of onion has dropped by up to five taka per kilogram. However, even after almost 15 days since the price was fixed, soybeans and palm oil are still not being sold at the fixed price. Apart from this, eggs and broiler chickens are also among the products whose prices have increased.
This picture of the prices of various daily necessities was found after searching in Malibagh, Shantinagar and Kawran Bazaar in the capital on Friday. The government's marketing agency, Trading Corporation of Bangladesh (TCB), also revealed this information in its market price report yesterday.
Traders said that India stopped onion exports from April 30 citing production shortages. Although LCs worth crores of taka have been opened, no onions have arrived in the last 40 days due to the ban. Later, onions started arriving again from last Wednesday night. This has affected the market. The price of onion has decreased by five taka per kilogram, and domestic onions were sold at 45 to 55 taka and imported onions at 45 to 50 taka in the capital market yesterday.
Aminur Rahman, an onion trader in Kawran Bazar, said that the current price of onions in the market is high. However, he said that the price will come down further as onions have started coming from India and the supply of local onions in the market is good.
Meanwhile, although the new price of edible oil was fixed on May 27 in coordination with the international market, it has not yet been implemented in the retail market. One-liter bottled soybeans and palm super are not being sold at the fixed price in the capital's market. Yesterday, one-liter bottled soybeans were sold at 145 to 160 taka, five-liter bottles at 660 to 720 taka, open soybeans at 125 to 130 taka and palm super at 114 to 118 taka depending on the company. But one-liter bottled soybeans have been fixed at a maximum of 153 taka and palm super at 112 taka per liter. Only the fixed price of five-liter bottled soybeans was seen being sold in the market at 728 taka less than the fixed price.
