• Wednesday, Apr 08, 2020
  • Last Update : 03:36 pm

Few turn up for OMS onion as market price decline

  • Published at 09:41 pm December 30th, 2019
Onion
Representational Image Mahmud Hossain Opu/Dhaka tribune

Visiting several areas of the capital including Rampura, Malibagh and Farmgate on Monday, no queue of customers were seen in front of the OMS trucks, contrary to the mad rush for onion a month ago

Only a few buyers were seen in front of the open market sale (OMS) trucks run by the Trading Corporation of Bangladesh (TCB) in the capital selling imported onion at Tk35 per kilogram.

Visiting several areas of the capital including Rampura, Malibagh and Farmgate on Monday, no queue of customers were seen in front of the OMS trucks, contrary to the mad rush for onion a month ago.

The TCB dealers said prices of imported onion came down in the kitchen markets as newly-harvested local onion hit the markets.

The dealers had to experience huge crowds when they operated OMS of onion in early October selling it for Tk45-50 per kg onion.

Photo shows a OMS makeshift store in Dhaka on Monday, December 30, 2019 | Mehedi Hasan/Dhaka Tribune 

Monir Hossain, a TCB dealer, said they had increased onion sale from 1,000kg to 3,000kg every day, when the prices hovered at Tk45-50 per kg last month.

"But now people can buy imported onion from markets at almost the same price. We are now selling it at Tk35 per kg. So there is no reason for people to buy from us. We increased the maximum purchase quantity from 2kg to 5kg and also increased selling time from 10:00am to 11:00pm every day. Even then we cannot sell our entire stock," he added.

Md Jasim, an Agargaon resident, said he used to buy onion from the city's Farmgate OMS point, negotiating huge crowds of onion buyers.

On Monday, he bought 5kg without going through any hassle due to no crowds, he added.

Onion prices at kitchen markets

Newly harvested onion retailed on Monday at Tk100-120 per kg at the city’s kitchen markets, and at Tk80-100 per kg at wholesale markets.

Chinese onion retailed at Tk45 per kg, Egyptian variety at Tk80-85 per kg, Pakistani variety at Tk110 per kg and Turkish variety at Tk65-70 per kg.

The wholesale prices of newly harvested onion was Tk80-100 per kg, Chinese onion Tk40-45 per kg, Egyptian onion at Tk70-80 per kg, Pakistani onion at Tk100 per kg and Turkish onion at Tk60 per kg.

Some onions were sold in vans at Tk10 less than the their retail prices at kitchen markets.

GS Manik, an onion wholesaler at Shyambazar, said local old onion was currently out of stock, while the newly harvested ones are abundant in the markets. 

Spokesperson of Trading Corporation of Bangladesh (TCB) Humayun Kabir said: “Our OMS activities began in October and received widespread responses from buyers. To cater to the growing demand, we then increased the number of trucks and quantity of onion 15 days ago. But prices have now gone down in the markets. The OMS will continue until further notice."