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Onion price getting beyond reach

Industry: Commodity, Consumer & Retail

The cost of onions, a vital ingredient in numerous dishes, has surged to as high as Tk 90 per kg in kitchen markets across the capital, representing a Tk 25 increase from the previous week. This escalation in onion prices is adding to the burden already faced by consumers, who are grappling with rising commodity prices and high inflation, making their lives even more challenging. In addition to onions, the prices of other essential items like ginger, garlic, green chili, and potatoes have also risen. Almost all vegetables, except potatoes, are now priced above Tk 60 per kg.

The wholesale prices of imported commodities have been increasing due to restrictions on onion imports and the depreciation of the taka against the dollar. Despite the government’s announcements, prices of onions, garlic, ginger, and sugar have not decreased. The Consumer Association of Bangladesh (CAB) has called for strengthened market monitoring and action against unscrupulous traders. The situation is further compounded by the high prices of other essential commodities such as edible oil, chickpeas, and flour. The government may allow onion imports soon, but the suffering of consumers persists.

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