Early harvest expected to influence onion prices in Bangladesh soon

Onion prices in Dhaka, Bangladesh, have surged sharply within a week, putting pressure on household budgets as the staple has become significantly more expensive. Retail prices have climbed to Tk110–120 per kg (≈ $1.00–$1.10/kg), up from Tk70–80 per kg (≈ $0.64–$0.73/kg) only days earlier. Wholesale markets also saw major jumps, with rates now exceeding Tk100 per kg (≈ $0.90/kg and above).

Market visits show that wholesalers are now buying onions at Tk4,000 per maund (≈ $36 per 37 kg), compared to far lower rates last week.

Traders say the rapid increase stems from lower supply and rising demand, while some accuse intermediaries of stocking onions to sell later at higher prices. Many consumers, meanwhile, are frustrated by what they see as sudden, unexplained price escalation.

Government agricultural officials say the rise is part of a seasonal trend, as stored onions from previous harvests are running low and new crops are not yet available. Early-planted onions are expected to reach markets in early to mid-December, which could help stabilise prices. However, farmers who suffered losses last season planted fewer early crops this year, and recent rain delayed cultivation in some areas.

Authorities say decisions on onion imports will depend on how quickly the new harvest arrives. Meanwhile, consumer rights groups are calling for stronger market monitoring to curb hoarding and prevent further strain on households.

source: dhakatribune.com

photo: tbsnews.net