With the constantly rising prices of onions, the central government of India had banned the export of onions. As a result, Onion prices in Bangladesh jumped by more than 50% on Tuesday, India being it’s largest supplier.
Onion prices in Bangladesh jumped by more than 50% on Tuesday, following a ban on exports by the largest supplier India after its crop was damaged and harvesting delayed by excessive rain.
The ban was viewed as a surprise move, which took immediate effect on Monday in an attempt to help cut prices in India. An expected boost in prices in Asian nations such as Malaysia, Nepal and Sri Lanka, apart from Bangladesh is also expected, since they rely on Indian shipments.
“What will we eat now?” asked Dhaka garment worker Munna Khan, who was laid off from his job in March after the coronavirus outbreak shuttered many businesses, hitting incomes for many while driving up the prices of commodities. “Prices of all items went up when we have no income,” he further added expressing his grief.
Retail prices of the root vegetable, a staple of subcontinental cuisine has so far jumped in Dhaka to 90 taka to 100 taka ($1.06 to $1.18) per kg on Tuesday, from 60 taka on Monday and 30 taka at the beginning of the month. People of the area express heavy concern on the matter.