Prices have risen by the hour | Century on onion again to stop India's exports Prices have risen by the hour I urge India to reverse the decision as soon as possible - Minister of State for External Affairs *

 Bangladesh's onion market is unstable again as India has stopped exporting. Despite the supply, the price of the product has been increased hourly in the markets across the country, including the capital, since Monday evening.

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It has hit the 'century' again in terms of price. That means at least 100 rupees per kg. Domestic onions were sold at a maximum of Tk 100 per kg in the capital's wholesale market on Tuesday with an increase of Tk 50 per kg.

The price of imported onion has gone up by Tk 40 per kg to a maximum of Tk 75. Besides, in the retail market, the price of domestic onion has gone up by Rs 50 per kg to a maximum of Rs 120 per day. And the imported onion has increased by 40 rupees and sold for a maximum of 100 rupees.

Market participants say that even though the price of onion has gone up in the last few weeks due to the dynamics of India's export activities, those concerned have not taken any effective initiative.

There is only a limited amount of TCB's truck sales and daycare market supervision. In such a situation, the previously identified syndicate has become active. Last year, the gang took people hostage and took crores of rupees.

Even after identifying the members of the syndicate, no exemplary punishment was given at that time. That is why after the announcement of stopping onion exports to India, they became active again.

Onions are selling at more than Rs 100 per kg on the pretext of stopping exports, even though the earlier LC onions were brought at lower prices. Consumers are excited about this.

Meanwhile, the Minister of State for Foreign Affairs to stop the export of onions to India. Shahriar Alam said that if the Indian Ministry of External Affairs had made such a change, it would have informed it first as a friendly country.

We urge them to reverse this decision as soon as possible. We expect a good result.

If you want to know the former director general of Bangladesh Development Research Institute BIDS. MK Muzeri told Jugantar that consumer interests are harmed when any individual group loses control of the market.

Therefore, in order to protect the consumers, the government needs to create a competitive environment to control the market. But that is not happening in the country. Some individuals and groups are controlling daily commodities.

If they manipulate then the government has nothing to do. According to him, there will be a free market economy. But this does not mean that traders will have the opportunity to do whatever they want.

Although many countries in the world have free market economies, the government also has control systems. This control system should be maintained in Bangladesh as well.

For this, it is necessary to increase the monitoring capacity of the responsible institutions as well as give effective benefits in control, for which it is also necessary to increase the capacity of TCB. Otherwise, it seems difficult to protect the interests of the consumer in the context of the country.

Meanwhile, importers of Healy land port were given LCs of 10,000 tonnes of onions to import onions from India. 150 trucks carrying onions were waiting to enter Bangladesh on the other side of Healy land port.

But on Monday evening, due to the sudden announcement to stop the export of onions, those trucks could not enter Bangladesh with onions. The importers of Healy land port have faced severe financial losses due to this.

On the other hand, the country's second largest land port Sonamasjid has stopped exporting the product. Despite the arrival of 44 trucks in Bangladesh on Sunday against the import order, no truck carrying onions arrived in the country on Monday.

Starting from Dinajpur, the price of onion in the retail market in different parts of the country has come to a standstill.

However, government sources said that to make the price of onion affordable to the consumers, the government agency Trading Corporation of Bangladesh (TCB) has started selling onions at Rs 30 per kg.

With a monitoring team from the Ministry of Commerce working on the market. With multiple monitoring teams from the Department of National Consumer Rights Protection monitoring the market.

Two traders have been fined for selling onions at high prices in the capital's Karwan Bazaar at the time. In Gaibandha, the consumer department fined the trader Tk 26,000 for selling onions at a higher price.

Besides, two vendors have been fined in the raid of AC Land in Bhaluka. Additional district magistrate has fined two storekeepers for selling onions at higher prices in Laxmipur.

A senior TCB official told Jugantar on Tuesday that TCB has started selling onions at Tk 30 per kg from Sunday in 265 mobile trucks across the country.

Each truck is being allotted 200 to 400 kg of onions. This amount will be further increased if necessary.

However, the official did not agree to give any account as to how much onion is in stock with TCB so far and how long the sale can be carried out with this stock.

However, he said, their activities will continue till October 1. If necessary, the deadline will be extended.

On the other hand, Bablu Kumar Saha, director general of the National Consumer Rights Protection Directorate, a government body that has been working in the interest of consumers since the rise in onion prices, said there are multiple products including onions in the market. Strict action will be taken only if manipulation is done.

Wholesale market: Shyambazar, a large wholesale market in the capital, was visited at 10 am on Tuesday. At the wholesale level, domestic onions were sold at Tk 60-65 per kg. At the wholesale level, imported onions have been sold at Rs 50-55 per kg.

Besides, on the same day at 11 o'clock in the capital's Karwan Bazar

Onion warehouses can be seen, domestic onions have been sold at 70-75 rupees per kg. At 12 noon the price increased to 75 rupees.

After 1 hour, at 1 pm, the local onion was sold at Tk 85 per kg in the wholesale market. At half past two in the afternoon, onions were sold at 90-100 rupees per kg.

However, on Monday morning it was seen to be sold at Rs 45-50 per kg. And after the announcement of stopping the export of onion to India, the price of domestic onion increased by 55-60 rupees per kg in the evening.

However, imported onions were sold at Tk 75 per kg at the onion market in the capital's Karwan Bazar around 11am on Tuesday. At 12 noon the price increased to 60 rupees.

Onions were imported at Tk 75 per kg at the wholesale market at 2.30 pm. Besides, the same onion is sold at Rs 35 on Monday morning.

However, after India announced a ban on onion exports, imported onions were sold at Rs 40-45 per kg on the same evening.

Retail market: The increase in wholesale warehouse prices has also affected the retail market in the capital.

On Tuesday, he visited Karwan Bazar, Nayabazar, Rampura Bazar, Malibagh Raw Bazaar in the capital and talked to retailers.

However, after the announcement of the ban on onion exports to India, the price of onion increased by Rs 5-10 per kg and was sold at Rs 60-70 per hour on Monday evening.

Besides, imported onions have been sold at Rs 80 to Rs 100 per kg in the retail market. However, on Monday morning it was sold for 55-60 rupees. And after the evening it is sold for 75-80 rupees.

When asked, Palash Mahmud, executive director of Consumer Youth Bangladesh (CYB), a non-governmental organization working on consumer rights, told Jugantar that a gang of onions had taken people hostage and looted money last year.

Even after identifying them, no exemplary punishment was given at that time. That is why they have become active again after the announcement of stopping onion exports to India.

The price of this essential commodity is being sold above Rs 100 per kg in the market on Tuesday on the pretext of stopping onion exports to India, even though the government has set up LCs at low prices under the supervision of Daisaras of several government agencies.

He said that this time the government should pay attention to the issue so that there is no incident like last year.

If you want to know, Assistant Director of the Department of National Consumer Protection. Abdul Jabbar Mandal told Jugantar that operations are being carried out in various wholesale markets of the capital under the direction of the Ministry of Commerce and the plan of the Director General of the Directorate.

Three monitoring teams of the Commerce Ministry, including four teams from the department, conducted the operation. He said that some unscrupulous traders who always increase the price of their products whenever they get a chance, take the common people hostage.

This opportunity can no longer be given. Large wholesale warehouses and retail markets of onions in the capital have been raided. Those who have sold products at high prices in dishonest ways are being brought under the law.

And if anyone disobeys in the future, strict action will be taken against them. Hopefully the price will come down in a few days.

The Dinajpur correspondent said the price of onion in Dinajpur has doubled in a day since India stopped exporting. At the same time, the sale of onions in the market has also increased at an unusual rate due to the fear of crisis.

On Tuesday, it was seen that onions imported at Rs 40 to Rs 45 were sold at Rs 90-100 in one day.

Besides, domestic onions are sold at Tk 80 per kg on Tuesday at Tk 110-120. Harun-ur-Rashid Harun, president of the Healy Land Port Importers Group, told Jugantar that they had abruptly stopped exporting onions to Bangladesh to curb the rising prices of onions in the Indian market.

The importers of Healy land port had LC of 10,000 tons of onion to import onions from India and 150 trucks loaded with onions were waiting to enter Bangladesh beyond Healy land port.

But on Monday, onion exports were suddenly stopped and they could not enter Bangladesh. The importers of Healy land port have faced severe financial losses due to this.

Shibganj (Chapainawabganj) correspondent said Indian onion import through Sonamasjid land port was stopped on Monday.

The country has not received any new import orders. Mesbah, former general secretary of the Sonamasjid Land Port C&F Agents Association, said 44 trucks of onions entered Bangladesh from India against the import order on Sunday, but India did not accept any new import orders on Monday.

Birampur (Dinajpur) correspondent said the price of onion has doubled in one night in Birampur of Dinajpur. Buyers have stumbled on the market amid fears of an onion crisis.

Till Monday night, onion was sold at Rs 35 to 40 per kg in Birampur town and rural areas. Onions have been selling at 80 to 90 rupees per kg since Tuesday morning.

According to a staff reporter from Natore, the price of onion has gone up again in Natore for the second time in a row. It is being sold at Tk 50 per kg on Monday but it is being sold at Tk 90 per kg in one night. Ordinary people have suffered due to this.

The Ullapara (Sirajganj) correspondent said the price of onion in Ullapara suddenly doubled on Tuesday. Onions are being sold at Rs 50 to Rs 90 per kg in one day.

On Monday evening, the Indian government announced a halt to onion exports to Ullapara market