The Ministry of Agriculture in a notification on Sunday said newly harvested murikata and summer onions have started arriving in the market, and there is no reason for any hikes in prices of the essential item.
According to the ministry, each year murikata onions are cultivated on about 50,000 hectares of land, producing about 800,000 tons. This year, summer onions have been planted on about 500 hectares of land, with harvest expected at about 50,000 tons.
The notification also stated that these summer and murikata onion varieties have begun to appear in the market and will be accessible for three to three and a half months.
Following that, the primary onion variety will begin to appear on the market, with a potential production of 2.6 to 2.8 million tons.
However, the local variety of onions was selling at Tk1,000 per 5 kilograms and the same quantity of newly harvested onions at Tk650 in the wholesale market of Karwan Bazar on Sunday.
Imported onions sell at Tk750 to Tk800 per 5kg in the wholesale market.
Bangladesh imports onions mainly from India, China, Myanmar and Pakistan.
The prices of onion almost doubled after Indian authorities declared an export embargo till March 2024.