bdnews24.com :
India has imposed a minimum export price of $850 per tonne on onion in a move to control prices in domestic markets sparking fears of a spike in prices of the essential cooking ingredient in Bangladesh as well.
After the Indian commerce ministry announced the decision on Friday, Bangladeshi traders said they were importing onion from the neighbouring country at $250 to $300 per tonne last week.
Prices of onion have increased in India after floods hit productions in Maharashtra and Karnataka recently.
In Delhi and Kolkata, retail prices of onions have been Rs 40 to Rs 50 per kilogram, which were between Rs 20 and Rs 30 two weeks ago, according to the local media.
India has imposed a minimum export price of $850 per tonne on onion in a move to control prices in domestic markets sparking fears of a spike in prices of the essential cooking ingredient in Bangladesh as well.
After the Indian commerce ministry announced the decision on Friday, Bangladeshi traders said they were importing onion from the neighbouring country at $250 to $300 per tonne last week.
Prices of onion have increased in India after floods hit productions in Maharashtra and Karnataka recently.
In Delhi and Kolkata, retail prices of onions have been Rs 40 to Rs 50 per kilogram, which were between Rs 20 and Rs 30 two weeks ago, according to the local media.
