Economic Reporter :
The Indian government’s clampdown on onion export is causing a fair bit of upset across the border as well, with Bangladeshi businessmen at Hili land port between the two countries left agonising over a sharp increase in its prices.
They said the prices have gone up to $852 per metric tonne following two hikes in the last two months.
It is apprehended that the prices of imported onion might go up to Tk 80-90 per KG as further time is needed for the entry of its newly-priced fresh consignments into the country.
Meanwhile, no onion-laden truck came from India through Hili land port as of 3pm on Saturday.
According to businessmen, the Indian government has withdrawn “export price” regarding onion export to Bangladesh one year ago. Since then, the country’s traders had been importing onion through Hili land port for at least $150 to 200 dollars without any export price.
The Indian government’s clampdown on onion export is causing a fair bit of upset across the border as well, with Bangladeshi businessmen at Hili land port between the two countries left agonising over a sharp increase in its prices.
They said the prices have gone up to $852 per metric tonne following two hikes in the last two months.
It is apprehended that the prices of imported onion might go up to Tk 80-90 per KG as further time is needed for the entry of its newly-priced fresh consignments into the country.
Meanwhile, no onion-laden truck came from India through Hili land port as of 3pm on Saturday.
According to businessmen, the Indian government has withdrawn “export price” regarding onion export to Bangladesh one year ago. Since then, the country’s traders had been importing onion through Hili land port for at least $150 to 200 dollars without any export price.
