Meanwhile, Hili port importer-exporter group President Harun ur Rashid said they would decide on onion import after meeting Indian traders. We incurred heavy losses as India didn’t allow us to import onion despite repeated requests,” he said. The prices shot up to Tk 00-120 a kg after India had banned onion export on September 14 this year for the second consecutive year. Commerce Ministry figures show the amount imported was hardly 0.4 million tons in FY09, but had touched up to 1.1 million tons in recent years. Onion prices in Bangladesh saw a 557.8% year-on-year rise last year after India first banned the item’s export, according to TCB data.

Source: Dhaka Tribune December 29, 2020 03:00 UTC