A recent decline in onion import from India through Hili land port has raised the retail price to Tk 10-12 per kg and wholesale price to Tk 14-15 per in the market.
Indian Nashik onion was being sold at Tk 44-46 on Saturday, which was being sold at Tk 35-36 per kg just two days ago.
On the other hand, Indore onion price rose to Tk 40 per kg from Tk 30-32 at the retail market in the Hili land port area on Saturday.
Meanwhile, the price of local onions hiked Tk 10 and was being sold at Tk 58-60 per Kg on Saturday.
As the onion import is lower than the demand in the market, hence the price rose, said Moinul Sheikh and Ferdous Hossain, two traders of the market.
However, they said the price may decline soon after the import goes back to normal.
Last week, 25-30 trucks of Onion had been imported from India, but this week it declined to 18-20 trucks, said Sohrab Hossain Mallik, PRO of Panama Hili Port, a private operator of the land port.
“On Thursday, 571 MT of onion entered from India in 21 trucks, and the import remained uninterrupted on Saturday,” he said
“As import has declined and onion price in India has increased, currently the price is a bit high in the market. It will lower with the escalation of imports,” said Harun-Ur-Rashid, president of the importer-exporter group of the port.
