Bangladesh Restricts Import of Onion from India
23 March 2024, New Delhi: In Bangladesh, the importation of onions from India has significantly decreased due to a decline in domestic onion prices. This drop in prices can be attributed to the onset of the harvest season in major onion-producing regions like Pabna and Faridpur.
According to the Department of Agricultural Marketing (DAM), prices at the farm level have decreased from BDT 32-50 per kg to 55-70 per kg at retail across the country, resulting in a decline of 30-40 per kg within a week.
Prominent trader Hazi Mohammad Mazed emphasized the economic infeasibility of importing onions during the peak season, citing high export prices and duties imposed by India.
Local traders echoed this sentiment, pointing out the sufficient local production and favorable weather conditions, which have contributed to a higher onion yield this year. This situation marks a contrast to the pre-Ramadan period when onion prices surged, leading to government efforts to secure imports from India.
However, with the ongoing harvest and the sharp decrease in local prices, stakeholders are advocating for a temporary suspension of imports to protect local farmers and achieve self-sufficiency in onion production.
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