Prices of onion again begin soaring

After a brief fall, prices of onion have once again begun surging in the city markets, with rise by Tk 50 per kg on Friday.

Today the traders in city markets were seen selling local variety of onion at Tk 150 a kg.

In the mid December last year, prices of local variety rose by Tk 180 but it dropped to Tk 100 per kg in the beginning of this month.

Traders said insufficient supply of the key cooking ingridient caused the price hike as a group of farmers early started collecting onion with leaves from field because of prices increase.

Unusual situation was seen in the markets of onion following India stopped exporting the spice to Bangladesh on September 29 last year. As a result, prices of onion hit Tk 250 a kg. 

Consumers alleged that prices of onion are raised through syndicate and there is no effective monitoring measures in the markets.