Dhaka, Nov. 10 -- The price of onion has increased in the market round the week due to manipulation and creating an artificial crisis for importing approval, though there is no shortage of onion in the supply, says a Commerce Ministry observation.
Bangladesh's annual onion demand stands at approximately 2.6-2.7 million tonnes, while last year's domestic production exceeded 3.8 million tonnes.
However, weak post-harvest management leads to wastage of over 25 percent of the crop every year, forcing imports later in the season to balance supply and stabilise prices.
Currently, around 3.5 lakh tonnes from last season remain in stock. The Agriculture Ministry expects the new harvest to reach the market soon, with roughly 1 lakh tonnes arrivin...