Onion price downing slowly in Ctg markets despite abundant supply

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Chattogram Bureau :
Onion supply is increasing in the market as large import shipment began to arrive. The Trading Corporation of Bangladesh (TCB) increased the number of trucks for selling onion in the open markets. Therefore, the prices of onion are going down gradually.
While visiting Khatunganj wholesale market, the largest wholesale market in the country, retail market Kazi Diwari, Riazuddin Bazar and TCB trucks in Agrabad, the trend of price reduction was observed.
On Sunday, 541 tons of onion arrived from China and Egypt in 19 containers at Chittagong port in the second shipment imported by BSM Group at Khatunganj. Earlier, On November 25, 580 tons of onion came from China in 20 containers. BSM Group Chairman Abul Bashar Chowdhury said that onions are a deciduous item.
Nevertheless, adding all costs, we have sold the first and second shipments separately among wholesalers across the country for a minimal profit. No more than 20-40 tons of onion were given to a wholesaler. As a result, it influenced in reducing the price of onion in the market. Responding to a question, he said that as long as the process of importing onions from India does not begin, we will import onions as our social responsibility.
Many traders are importing onions through Chittagong port. One of them, on condition of anonymity, said that large groups are bringing big shipment of onions. It is a matter of time to reach in the country. If 50 importers bring 500 containers each, then the market will be stable very soon.
From the last 12 October to Sunday (December 1), Plant Quarantine Station of the Department of Agriculture Extensions permitted to import (IP) 97,85 tons onions. Of these, 62,374 tons from Egypt, 13,083 tons from China, 13,068 tons from Turkey, 5,880 tons from Pakistan, 1,600 tons from Sri Lanka, 1 thousand tons from Belgium, 680 tons from the Netherlands and 200 tons of onion will be imported from Uzbekistan. Already, 10,967 tons of onion have been released from Chittagong port. Of these, 5,306 tons came from Egypt, 2,772 tons from China, 1,228 tons from Myanmar, 1,066 tons from Turkey, 168 tons from the UAE and 427 tons onion from Pakistan
 According to sources, 22, 562 tons of onion arrived by boat from Myanmar at Teknaf ground port in November. In October, 21,844 tons of onion was imported.
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