Bangladesh onion prices fall in the midst of an increase in imports from India increase through Hili port

1171 tonnes of onions were brought from India to Bangladesh via the Hili port on land in Dinajpur district. This resulted in an increase in price of $0.058-$0.12. Shafiul Alam who is the revenue officer of Hili Land Port Customs Station, said that Hili Land Port Customs Station told the media that forty trucks loaded with onions were brought in the same day. That’s which is a substantial increase over the typical 15 to 20 trucks. Import activity continued until the next day. Alam spoke of the quick clearing process for perishable items such as onions, subject to the filing of bills of entry from clearing and forwarding agents.

Three kinds of onions three varieties of onions Indore, Nagar, and Nasik These varieties are imported. Prices have dropped between Tk 65 and 70 ($0.76-$0.82) and Tk 60 to 65 ($0.70-$0.76) per kilogram. Ayub Hossain is a wholesaler in Hili has said that the onions are being distributed to different wholesale markets throughout the nation. Despite continual imports, the prices remained high prior to a drop that was recently resulted from the coming of the local harvests and increased supply coming from India according to the onion importer Mamunur Rashid. Removal of tariffs on imports as well as the introduction of fresh harvests in India will further ease the process of imports, which has led to a stable market.

Source: daily observer

Source: The Plantations International Agroforestry Group of Companies