The onion market is seeing a welcome relief as prices begin to drop, thanks to the duty-free privileges on imports and the arrival of fresh onions. A recent visit to markets in Segunbagicha, Malibagh, Rampura, and Badda revealed this positive trend.
Currently, in the retail market, onions are being sold for between Tk55 and Tk90 per kilogram, depending on the variety. Local onions are priced at Tk70–80 per kg, while Pabna’s special onions range from Tk85–90 per kg. Freshly harvested “Muri Kata” onions are available for Tk55–60 per kg, and Indian onions are selling at Tk65–70 per kg. Garlic, however, remains on the higher side, costing around Tk240–260 per kg.
In wholesale markets like Karwan Bazar, onions are priced between Tk2,000 and Tk2,500 per maund, depending on the type.
The National Board of Revenue (NBR) played a key role in curbing soaring onion prices by removing customs and regulatory duties on imports. This move, combined with the fresh arrivals of onions, has led to a decrease in prices.
Traders are optimistic about the trend. Mahim, a vendor from Malibagh, noted that the influx of Indian onions and the new harvest have contributed to the price drop. Jalal, a wholesaler at Karwan Bazar, confirmed that compared to last week, retail prices have already decreased by Tk5 per kg.
Consumers are also feeling the relief. Salam, a shopper and agricultural worker, expressed his satisfaction: “With the arrival of new potatoes and onions, prices are finally coming down. I believe they might drop even more next week.” However, he also pointed out that the government needs to keep an eye on the market to prevent prices from falling too much, which could harm farmers. If necessary, he suggested that re-imposing import duties could be a good measure to protect agricultural interests.
The steady arrival of new onions and potatoes is a welcome change for both consumers and traders, bringing a much-needed balance to the market.
