Friday, October 18, 2019 | ePaper
Strong market monitoring needed ahead of Eid-ul-Azha
Importers and local traders said they were not getting enough supply of onion and this is why the prices have gone up. An onion importer claimed that this year production of onion has been less compared to previous year while the production fell also in India. Bad weather hampered preservation of onion. Moreover, India increased prices of onion on export to Bangladesh, which also pushed the prices up here.
Only one month is left for Eid-ul-Azha. Though at present onion and garlic prices have shot up, we consider it as an ominous sign for the market. As consumption of onion, garlic, ginger and hot spices are increased during Eid-ul-Azha, the dishonest traders increase the prices taking the advantage. And often it's seen that retail prices of these essentials are increased despite adequate supplies. A section of importers with the help of some dishonest traders and administrative officials hike the price with an intention to pocketing extra money. On the other hand, the low-income-group people fell into misery.
We do belive; the main reason behind the present onion price hike is that the authorities concerned do not play any significant role to monitor kitchen market. In fact, the markets are controlled by strong syndicates. They hike prices of essentials whenever they wish.