Prices of imported onion has shot up by Tk6-7 per kg at Hili Land Port over the last five days.
Visiting the port on Sunday, this Dhaka Tribune correspondent found that Indore and Nasik, which are two widely imported onion varieties from India, were being sold at Tk49-50 per kg. The prices had hovered within the range of Tk42-44 per kg last week.
The retail prices at Hili Bazar was found to be have shot up more drastically over the same period. The imported onions were being sold at Tk55-60 per kg, up by Tk12-15 from last week's prices.
The price trend has already led to a depletion in the import in recent times. According to port officials, only 1,580 metric tons of onion arrived from India in 79 trucks over the last seven days.
This is a much lower figure compared to the 15,489 metric tons of onion that was imported in 760 trucks in December last year.
Importer Md Harun-Ur-Rashid told the Dhaka Tribune: “As the harvest season of onion has recently ended in many regions of the country, the demand of Indian onion has decreased.
"Besides, the importers have also cut the import because the prices in Indian markets have been a bit higher compared to the prices in the markets here."
Rabiul Islam, another onion importer, mentioned that arrival of a new onion variety, called Hashkhali, in the Indian market could also bring the prices down. Hashkhali has a lower price tag compared to other varieties in Indian markets, he said.