Sixteen traders were fined Tk 68,000 for selling onions at higher prices, storing, and not showing price list in the port city today
The prices of onion have shot up despite adequate supply, according to a Bangladesh Trade and Tariff Commission (BTTC) report -- laying bare the extent of market manipulation by a section of dishonest traders.
Onion prices did not come down despite raids by the authorities in different wholesale and retail markets across the country.
Amid surging prices of onions throughout the country, 90 tonnes of onions are waiting to be unloaded after imports from India through Benapole port five days ago
Prices of onion increased by Tk 100 or more per kg overnight as traders began stockpiling following the news that India had extended a virtual restriction on its export.
Leaving his chicken shop to his salesman, Abul Kashem rushed to gate-1 of New Market around 11:00am yesterday to buy essentials from a mobile shop of the government’s Open Market Sale programme.
Price of sugar, both loose and packaged, increased by up to Tk 30 per kilogramme at different markets in the capital over the past couple of weeks.
The government today will start selling soybean oil, potatoes, onions, and lentils at subsidised rates in Dhaka to alleviate the suffering of low-income consumers, especially those without TCB family cards.
The price of locally grown onions rose to Tk 150 per kg at retail stores in Dhaka yesterday, up from Tk 140 the day before.
Prices of potatoes and onions have skyrocketed in the kitchen markets.
The commerce ministry yesterday directed the district administrations to ensure sales of potatoes at the government’s fixed rate at the cold storages, according to a statement.
The agriculture ministry has started issuing permits to importers to bring potatoes to control prices
India yesterday imposed a minimum export price of $800 per tonne for onions -- much higher than the prices at which importers were buying.
The import of eggs has been held up because of the delay in getting the negative avian influenza certification from a competent authority.
A month ahead of the Aman harvesting season, prices of rice have gone up by Tk 1 to 3 per kg over the last one week in the capital’s kitchen markets.
Azizul Haque, a resident of Mirpur-14, went to a nearby kitchen market to buy vegetables yesterday morning.
The state-run Trading Corporation of Bangladesh (TCB) will start selling essential commodities today among one crore cardholder families across the country, including the capital, for the month of October.