Tuesday, November 19, 2019 | ePaper

Stringent measures needed to bring onion prices at tolerable level

  • Print
THOUGH the prices of onion decreased slightly in the last week following adequate supply in markets, consistent open market sale (OMS) and monitoring by the government, it's again showing upward trend due to syndicated activities of some unscrupulous traders. The business syndicates defying government's monitoring allegedly playing tricks to make volatile the onion market again. The situation has reached to such an extent that the authorities concerned have to conduct mobile courts almost every day in different parts of the country to keep the onion prices in a tolerable level. Prices of the onion had soared in Bangladesh after neighbouring India imposed ban on the export of essential kitchen item.  
Onion is a very necessary item in our daily household cooking, but due to price fluctuation the consumers of limited-income group are facing severe trouble.  In the capital, onion was sold at Tk 75-80 per kg last week. But within a span of seven days its prices shoot up to Tk 110-120. Assuring that supply was adequate, Commerce Minister recently said the prices of onions would drop within the next few days. The same was told by different traders as onion was being imported from different countries, including, Myanmar, Egypt, Pakistan and China.  Meanwhile, some of the consignments of onion imported from Myanmar were found sub-standard and rotten.  
According to information available, Bangladesh imported 10.91 lakh tonnes of onion in fiscal 2018-19, up from 9.53 lakh tonnes a year ago. Besides, the local production stood at 17.38 lakh tonnes in 2017-18. What's more frustrating is that the farmers usually don't get actual price of the item.  As it's a perishable good, the farmers sell the whole production after a few days of harvesting. They even cannot stock the surplus onion due to lack of cold storages.
It's very difficult for us to understand how the price of any item shoots up overnight if its export is banned by the country of origin. It's simply a made-made disorder. The government must take stringent measures against such activities of business syndicates. We see, mobile courts of different agencies are conducting g drives at wholesale markets. But its impact in retail market is negligible. It's necessary to take coordinated steps to arrest the onion prices.

More News For this Category

Supply electricity to remote areas

DESPITE off-grid electrification like solar energy is handy for remote areas, the Rural Electrification Board (REB) and the Forest Department have engaged in loggerhead over installing power lines through reserve

Be a president of all Sri Lankan, not only for the Sinhalese

A significant change has been made in Sri Lankan politics while former wartime defence chief Gotabaya Rajapaksa won a presidential election on Saturday defeating his rival Sajith Premadasa with a

Climate Change

Saleh Akram :Climate change has assumed global proportions. The ubiquitous impacts of climate change are noticeable all over and across the world. Climate experts and international bodies have voiced repeated

Blooms Taxonomy

Gazi Md. Abdur Rashid :Blooms Taxonomy is regarded as a comprehensive platform where the learning objectives and its outcomes are classified in a systematic way. This model is used effectively

Need a functional illiteracy eradication policy

AROUND 26 percent of adults in Bangladesh are still illiterate though the ruling party in its 2008 election manifesto had promised to eradicate illiteracy from the country by 2014. The

No medicine should be marketed without testing

THE people of Bangladesh have no way to know about the quality of medicine as the controlling authority has the capacity to test less than 10 per cent of the

Voter Registration

Kbd M Alamgir Hossain :Flawless voter registration is a pre-requisite to fair polls. Since voting is a universal franchise every eligible citizens must be included in the voter list. So

4th Industrial Revolution

Dr. Forqan Uddin Ahmed :4th Industrial Revolution is much discussing now a days. Scholars are describing concurrent innovations like artificial intelligence, robotics technology, 3D printing, block chain and big data

Yet no big change in road transport sector

There are widespread allegations of extortion by an influential syndicate in the transport sector, particularly targeting the passenger buses and goods-laden trucks. However, leaders of the transport owners' association recently

Bolivia's political crisis and the role of US

Political crisis in Bolivia has taken a crucial turn. The landlocked country in western-central South America region has been witnessing political unrest after a presidential election held by former president