In Khatunganj, the price of Myanmar onion is decreasing

Chittagong: Due to the price increase in India, the price of onion, which exceeded 100 rupees overnight, is decreasing in Khatunganj. In two days, at least four to five truckloads of Myanmar onion have entered to harvest several.

Sales are low as relative prices are higher than at any other time of the year. However, the impact of the reduction in the price of onion in wholesale is slow in retailing. Onion is being sold at 90-100 taka per lamb.

Such a picture was seen in the country’s largest consumer goods wholesale market on Monday (November 6) afternoon.

Manager of Mithali Traders told BanglaNews that it has been two days since Myanmar onions arrived for harvesting. The taste and color is very similar to desi onion. This onion is being sold for 90 taka. On the other hand, Indian onions are being sold at Tk 78 to Tk 85 depending on quality, size and color.

On October 29, due to the increase in the price of onion in India, it was sold at 95-100 rupees per kg depending on the quality and size of Khatunganj. 110 taka was sold in retail that day. After a few days, it went above Tk 105 in wholesale and Tk 120 in retail.

Mohammad Idris, General Secretary of the Hamidullah Market Traders Association in Khatunganj, told Banglanews that in India, Rs 5-7 has decreased. Therefore, the price in the country’s market has also decreased. Onion which touched Tk 105 in wholesale a few days ago is now Tk 75-85.

When asked about the impact of onion coming from Myanmar, he said that 4-5 truckloads of onions have entered Khatunganj from Myanmar in two days. The cost of these is more than 100 rupees. The importer has to sell at a loss as the market falls. Several batches of onions have arrived from China and Pakistan, but now they are not in Khatunganj market. After understanding the market, maybe the relevant people will import again.

Bangladesh Time: 1825 hours, November 6, 2023
AR/PD/TC