Onion value begins falling; wholesalers get kickback
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As onion cost began falling with the administration's transition to import the produce and appearance of the privately created ones in the market, the wholesalers in the capital were seen relaxing on Sunday because of poor turnout of retailers dreading misfortunes.
Conversing with UNB, various wholesalers said retailers were not coming to purchase onion securing that the cost of the vegetable will drop quickly after the appearance of payload planes with the imported onion.
Some of them said they have just endured misfortunes due to the downtrend in the onion cost.
Md Shahidul Islam, a distributer at Karwan Bazar discount advertise, said he didn't purchase any onion on Saturday night for discount because of absence of satisfactory number of retailers.
"I purchased 30 sacks of Maynmar onion on Friday at Tk 190-195 for each kg yet the discount cost dropped on Saturday because of Friday night's administration declaration to import it from various nations. I've to check lost Tk 30,000 as the cost would fall further with the appearance of the imported onion," Shahidul included.
Humayun Kabir, a retailer at Kaptan Bazar, said he purchased Myanmar onion at Tk 200 for every kg from Shyambazar discount advertise in the capital which was sold at Tk 220 for each kg on Saturday yet it declined by Tk 20 for every kg on Sunday.
Another distributer at Karwan Bazar, Mohammad Ali, said he purchased 146 sacks of onion of various verities on Friday yet 70 sacks stayed unsold for absence of purchasers and the deal was just about zero Sunday.
He caught that he may endure lost around Tk 70,000 due to downtrend in the onion cost in city markets.
Abdus Salam, an onion dealer at Shyambazar, said they were selling it at a value which is Tk 10-20 not exactly Saturday's.
Azizur Rahman, a retailer at Shantinagar, said they were selling nearby onion at Tk 250 for each kg and it is presently accessible at Tk 240 on Sunday.
In the midst of the overheated onion advertise, state-claimed Trading Corporation of Bangladesh (TCB) began selling onion imported from Myanmar at Tk 45 for every kg before its administrative center in the city's Karwan Bazar region on Sunday.
In the interim, recently reaped onion has begun to hit nearby markets in a few regions, including Madaripur and Faridpur regions.
As per UNB's Madaripur journalist, onion was selling at Tk 175 while spring (onion with leaves) at Tk 100 for every kg at retail market of Puran Bazar in the area town on Saturday evening.
Ranchers in Faridpur have likewise begun selling the recently collected neighborhood assortment of onion, 'Murikata', at Tk 112 for every kg.
On September 29, the Indian government prohibited onion trade with quick impact till further request for what it says improving local accessibility, which set off the onion value climb in Bangladesh.