Bangladesh, Nov. 4 -- The record price of onion -the latest high of Tk 150-160 a kilogram cross all previous marks -defies reasons and ethical business practice. Had it been a simple case of huge shortfall in supply compared to demand, it could have the approval of the free-market economy. According to official statistics, the country produced 2.33 million tonnes of onions, a record harvest, and imported 1.92 million tonnes. The total is more than the country's need for 4.1 million tonnes. Then how come that onion price would shoot up to the unprecedented level?
Either the statistics are wrong or there has been market manipulation at its worst. Which one it is, the government, to be more precise the ministry of commerce should tell the pub...